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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Tim J. Flick who wrote (15542)	4/27/1998 1:09:00 PM
From: Karl Drobnic	Read Replies (2) of 31646

Tim's right - in a true bear market, PE's of 7-10 are common, and that's for the good companies. Fundamentals do matter in a bear market - companies with bad fundamentals go to PE's of 4-5. But I don't think today is the start of a bear market.

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