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Technology Stocks : NANO

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To: geoffrey Wren who wrote (2250)1/12/2004 6:41:52 PM
From: EACarl  Read Replies (1) of 2272
 
Hello Geoffrey, RE "people in Yahoo talk about selling at 20-30x an estimate of 2005's earnings of $1.50".

I would have to take responsibility for that post on Yahoo.
As has been documented here in the past, I have also been
in NANO since $2, and obviously done extremely well with
it. That 20-30 multiple X 2005 estimate of $1.50 was
intended to be the "optimistic" side of potential future
valuation. It wouldn't be unusual for that to happen in
this sector, and keep in mind that $30 is the low price of
that optimistic range. I have sold some of my NANO simply
because it became too large a % of my portfolio and put
the money elsewhere in the sector. One thing for certain,
we don't want to fight the trend in this sector!
Best of luck, regards, Eric.
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