Tony, don't worry too much about FORE's P/E.......
FORE is a classic "momentum" stock. And as far as momentum stocks go,
PE is about the last thing the market looks at. Keep in mind that FORE's PE has been almost triple of what it is now, so there's plenty
of room for FORE to retrace. And as a whole, the Network group has been a classical momentum play. The masses rush in and drive prices
way up, and the masses rush out and drive prices way down.
The last few months the masses have rushed out, but now, there starting to rush back in. Trick is, to get on board now & ride the
momentum up, make a great return, and get out! The other trick is
figuring out just how high this next upward ride is gonna go!
I wouldn't be waiting around for any $7-$12 entry point anytime soon.
Good luck!
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