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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: westpacific who wrote (68381)5/16/2002 11:21:50 PM
From: vampire   of 99280
 
so take AMAT - you say the p/e is 452 and therefore absurdely overpriced

lets forget the fact that cyclicals should be bought when the p/e is high and sold when low - lets forget that

basically - what should the p/e be? i mean you post as if it should be a "normal" p/e - lets say even 27 is "normal" which is 1/20th of what it is -

are you telling me that AMAT should be trading at at 1.50?!?
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