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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 156.84-1.8%3:35 PM EST

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To: John Cuthbertson who wrote (9769)4/21/2001 2:02:21 AM
From: Kirk ©   of 10921
 
OK, I did a full program that did all 100 companies and it gives a p/e of 168.8!

What is really interesting is the p/e slowly works its way to 60 then goes bad really fast if you sort by companies that lost more money last year than they are currently worth!

So, going forward, it would be impossible to lose as much money again!

Take CMGI for example. It lost $4.85B and has a current market cap of $1B!

IF you project for next year, you would assume that CMGI won't lose $4.85B again as it doesn't have it to lose!

I guess the real answer is there is no clean way to calculate this when the losses are so huge. Then again, I doubt CMGI has any value to QQQ so it might be best to toss all companies that lose more than a certain fraction of their market cap?

Interesting exercise for sure!
Thanks for your comments.

Kirk out
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