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Technology Stocks : SPYG in the mid-teens

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To: Khris Vogel who wrote (105)10/26/1996 1:12:00 AM
From: Roger Brown   of 219
 
Khris...I was referring to the CEo mentioning that growth in revenues could grow 50% this next year...profits will most likely fall from the present year...The PE is too high for this...Unless this stock is some aberration, it should fundamentally fall some more...

ONe would be better to discuss why the Market Cap is so justified after 1.5 years of being a publically traded company and we now have an idea of what the growth is going to be like...To be safe, a Pe should be about 1/2 of the gorwth rate at these levels...unless you have proven that you OWN the market...Look at ASND, MRVC...

Unfortunately, this isn't the case with SPYG...i used to own SPYG last year...did well with it but it was the first to leave of my portfolio at $46 once i carved out my own analysis techniques...glad i didn't hold on to lose 72% from that point...and it will be hard to keep justfying the price moving forward....

Do what you may...but think about it...I did and was glad...if i had the guts i would have shorted it...yet i knew nothing about the market back then....and still learning...
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