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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Hawkmoon who wrote (3478)3/15/2001 2:28:21 PM
From: John Pitera  Read Replies (1) of 33421
 
People are looking at that trailing 72 PE on NTAP and don't believe that the earns are going to grow enought
obviously. Now that everyone knows how to value stocks it gives them a great reason to sell them down
some more.

The market is clearly driven by mass psychology.
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