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Technology Stocks : American Power Conversion

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To: David W. Taylor who wrote (2423)	12/15/2000 7:20:14 PM
From: BWAC	Read Replies (2) of 2574

I know he was right. That news has been out since early in the week. APCC was almost 14, now its 10. So NAs 100 index was worth 40%? Thats fools stuff. Stupid. Look at the valuation on what these index funds bought into today. Sell APCC at $2 Billion market cap and 10 PE and no debt, with $1.5 Billion in sales? And buy EXDS, for example, at $15 Billion market cap, no earnings in sight, and a debt/equity ratio of 4.59, with $600 Million in sales? Foolish mindless index funds. Pile in (and out) at any price, just do it because. Sell or Buy without any consideration to value or lack thereof. Just do it. And people buy into this junk? What a world. Why even bother investing based on valuation and fundamentals, just throw some money out on the table and see which stock it blows towards. Amazing. The QQQ traders should be happy though, volatility should go through the roof.

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