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Non-Tech : Elaine Garzarelli

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To: Andy Nemo who wrote (55)10/27/1996 1:16:00 PM
From: Paul Moerman   of 292
 
Andy, good post. I agree with 99% of what you said. <g>

A stock with a p/e of 60 on '98 earnings could still be a good buy, if its growth rate were over 60% per year, and/or were an emerging technology company that could be explosive if successful. Take a look at ANCR and GZTC as examples in their own early stages, both of which I've placed bets upon. <g>

I've been whittling away at my margin balance too, and have bought puts in some companies I feel could fall hard in the event of a market correction in the next couple months. I'm also pessismistic on the year 1997, but plan to stay in the market to a modest extent and will very selectively buy on weakness.

Good luck to you!

Paul
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