Qwest Communications (Q) (formerly QWST) Message Board

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Technology Stocks : Qwest Communications (Q) (formerly QWST)

Q 92.80

-2.9%

3:59 PM EST

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To: Harold Lehman who wrote (319)	11/12/1997 12:25:00 AM
From: Jerry Miller	Read Replies (1) of 6846

Hi Harold, > I think that with a high-tech stock like this which, everyone knows will make a lot of money, with a fairly short horizon to big-time earnings that you can extrapolate a higher stock price. < ..with all due respect this is pie-in-the-sky insanity. this stock is going down, and we all know it. it has to. it may not be this quarter, or next, but it's going down. estimates for EPS are devised to speak to current conditions in an equity. what does 123 times represent here ? it can't be sustained, and that can't be denied. take away all the hoopla, and fuss, and we have a 30 dollar stock here. i'm holding the April 50 PUTS...with malice toward none. J.

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