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Technology Stocks : Cymer (CYMI)

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To: WWS who wrote (16717)	4/18/1998 1:47:00 PM
From: Gary Metzer	Read Replies (3) of 25960

Bill, Market top?....maybe in previous years, but not now. With the economy the way it is and all that baby-boomer money coming in to the market ($20Billion/month if I remember correctly)where else is it going to go? I believe that we are heading into a new era where historical PE's don't mean squat any more. Right now we have Internet companies with no earnings valued at $Billions. That's an infinite PE (actually an imaginary one as we're dividing by -1)AND some companies have a multiple-infinite PE (if you get my drift). Just shut off logical thought, buy companies with market share AND leading technology, and ENJOY THE RIDE!!!! Gary

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