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Technology Stocks : PCTH Anyone think this can take off in 1998?!!
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To: Mike McFarland who wrote (142)7/11/1997 9:03:00 PM
From: Raymond Hill   of 1509
 
I agree that any dips below $4.00 will be very limited from now on. At todays close of 3 15/16 the forward PE with estimated earnings of .30 is only 13.1. Also, the growth rate in earnings for the year would be 76%. The Wall Street Journal this week estimated that the earnings growth rate for the S & P 500 would be 7.8%.

If anyone reading this knows of a stock having a better projected earnings forecast along with a lower projected PE ratio, feel free to tell me about it, because I think that this one is very good.

Not only do we get possible superior growth during a bull market, we should have superior resistance to loss during a bear market decline, if there is one. I am able to sleep better with this investment, than many others, who are worrying about a market crash.
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