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Technology Stocks : Extreme Networks, Inc. (EXTR)
EXTR 17.65-0.9%Nov 5 3:59 PM EST

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To: A.L. Reagan who wrote (596)6/29/2001 2:33:13 PM
From: Sully-  Read Replies (1) of 770
 
Yup, a real yo-yo. And as usual, I got short too early. Still, I can't complain. Playing EXTR both ways has paid the bills.

I still think that EXTR's P/E is way out of line. Even if it's share price stays stagnant for the next 3-6 months, it's P/E is going up since earnings are in a severe decline. IMO, EXTR & the NAZ are getting quite overbought. Sure they could go higher from here......... Also, VIX & VXN are getting fairly extreme..... but they could get very extreme before they turn too.

Time will tell.

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