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Technology Stocks : Keane The leading y2k service provider

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To: RagTimeBand who wrote (790)10/17/1998 12:02:00 AM
From: Lee Lichterman III  Read Replies (1) of 1316
 
You heard correctly. He is a regular and he has been pushing Keane for a year now. I agree with him but apparently who ever has been dumping all these shares lately does not. I am totally confused or else the market is about to get blind sided again. KEA is having trouble getting past 35 and staying there. The indexes are way up yet I can't find any good companies that rose.

I show over bought readings for the nifty fifty stocks, LU PVN QWST and UN are showing strong reversal chart patterns that point to a drop next week yet it seems every thread I read, people are bullish. The only stock I think is a true bargain is KEA but the stochastic is falling right now so I don't expect much of a jump until at least a week from now. OK by me as I want to watch this market for a while before I will be able to go long again and sleep at night. I still think the market is being quietly sliced one sector at a time. IT has had their turn and it looks like Banks are trying to spring back. I suspect they along with software stocks are next but I will have to wait and see. I think the average PE in 6 months will be half what they were a few months ago. Notice that KEA is back slightly below its historical level in the high 30s, many good growth companies are trading at PEs of 6-10. I think before next spring you will see DELL at a PE of 30-40 etc. The stocks that aren't high growth will be in the single digits.

BWTHDIK

Lee
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