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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Lee Lichterman III who wrote (17261)11/1/1998 9:18:00 PM
From: Electric  Read Replies (1) of 42787
 
Lee,

I am in the same boat as you, I hate waiting and seeing. All it does is piss me off..lol

I will be mostly cash though in about 10 days, unless I buy a stock or somthing.

I just dont feel good about how people are dismissing the problems that are still out there and especially how high P/E's are. I dont mind high P/E's if the company has earnings to support it (DELL, MSFT, CSCO etc) but when I see DIS with its PE and others too I feel a bit uneasy.

I also think that MU is a good stock to attack when it has had a week or so to run, then an analyst will come out and say that MU has been reporting a loss for the last 5 yrs, and that their situation hasnt changed. Then you will get the 10 point drop you are looking for.

I am surfing charts on www.coveredcalls.com and it is amazing how many stocks have gone from 30,40,50 to 5 bucks. There is some money to be made if one wants to dig a little.
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