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Strategies & Market Trends : Rande Is . . . HOME

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To: moufassa7 who wrote (50041)	4/3/2001 11:30:35 AM
From: KevinThompson	Read Replies (1) of 57584

It seems obvious that ANYTHING with a PE not in line with today's valuation standard will be delt with accordingly. Certainly anything with PE's over 50. Hello QCOM - what's your PE? Over 300? oops... Hello CIEN - what was your PE? Over 100? oops... The list goes on and on. What's more, now that the earnings have slid so far, the declining stock prices are not keeping up and therefore PE's are still not in line. Today's action seems perfectly explainable to me. Best Regards, KT

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