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Technology Stocks : WCOM
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To: P.M.Freedman who wrote (8413)1/6/2001 2:36:35 PM
From: Doug  Read Replies (1) of 11568
 
P.M.F: Currently, global conditions determine the constraints for the market as a whole.

The NAZ 100 has a curent P/E 0f over 65.

The Index had got ahead of the traditional valuation of 1/5 of the DJIA. At current values, the NAZ would have to come down to the 1850 level. That might occur between Feb and April of this year.

Do you have a convincing reason why the QQQ P/E should be at 65.? If you accept there is going to be some more pain, it is unlikely that WCOM would be at the $30 level by mid year.

At best it may make the 25 mark by June.
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