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Strategies & Market Trends : Rande Is . . . HOME

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To: DlphcOracl who wrote (46818)	2/6/2001 10:45:46 PM
From: American Spirit	Read Replies (1) of 57584

You assume tech stocks will still be cheap later in the year. It seemes to me investors will get in very early, starting now, then just wait. If INTC for instance were to rise from a 20 PE to 30 PE between now and sumemr that's a 50% gain from here. It would still be "cheap" if a recovery is underway but in the meantime you've lost your 50% bottom buy. Last year everyone told me to dump retailers at the bottom and "wait for a recovery". Sure they tripled since then but the really good prices haven't been available since last spring. So buy early, buy low and have patience. In the meantime, being too bearish at the bottom just because of the negative sentiment around is a sure way to minimize your gains for the year. It is even possible that you may never INTC at $33 again for as long as you live. Quite possible.

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