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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: y2kate who wrote (41664)11/28/2000 11:26:18 PM
From: Charles P. Hubbard  Read Replies (2) of 436258
 
y2kate, "too late to go short" ;there are still stocks at unrealistic valuations to consider. How about PAYX at or near the all time high, with a PE over 100 and PEG of 3. They are a payroll and administrative processor for small and medium companies. What happens to their revenue growth when their customer companies start laying off workers? Take a look at the fundamentals and the chart and see what you think. A good company to be sure, but IMHO, the stock price will crack like so many other high-flyers. FYI, I just went short.
CPH
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