C-Cube Message Board - Msg: 3047961

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Technology Stocks : C-Cube

CUBE 36.28

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12:17 PM EST

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To: CPAMarty who wrote (27131)	12/28/1997 10:12:00 AM
From: Rarebird	Read Replies (6) of 50808

Marty, you pose an excellent insightful question: " Given the tendency for companies to preannounce, is it possible that the Asian effect is fully, or even overly priced into the market at this point?" No, I don't think the market has priced in the rate of earnings growth it will see over the first half of 98. I think the market is overly optimistic as to earnings in 98. There is an excellent thought provoking article in Barrons this week on page 20, titled " Playing Bubbles" with Albert Edwards providing commentary. Read it. His view is very similar to mine and represents the risk I have been trying to convey to others on this thread.

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