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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)

BRCD 12.73

0.0%

Nov 20 4:00 PM EST

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To: pass pass who wrote (726)	2/21/2001 11:59:37 PM
From: Ibexx	Read Replies (1) of 1583

Let me share with you a different view. In the midst of a recession, P/E multiples could be - and should be - used as a contrarian indicator. The pros would tell you to start nibbling in a cyclic downturn when P/E values are the greatest, because it's a sure sign of market bottom. It could serve as a great timing tool if only investors are able to figure out when the P/E value (for a given stock) is at its peak, not at the nadir. Ibexx

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