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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper?
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To: The Perfect Hedge who wrote (68)4/14/1998 8:54:00 PM
From: Leo Francis  Read Replies (1) of 186
 
To be honest, I don't know why I sold. But after reading the Q results, I am sort of glad I did. I think we'll see some profit taking, as a 59-60 PE may make some take shelter with PFE reporting only a 11% increase in revenues. My gut just pulled the sell lever, as the valuation seems pretty high. Again, I think PFE is a great company, and I probably should not have sold, as I still believe its a great long term stock. I'm betting on picking it up either with a 15-20% pullback, or at around the current price about 6 moths from now. I'm going to miss that dividend though!-g-

Good Trading, LF
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