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Politics : Ask Michael Burke

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To: Ilaine who wrote (38289)	12/5/1998 5:53:00 PM
From: Skeeter Bug	Read Replies (1) of 132070

cb, sounds like you've had some great trades. you do use valuation as a model b/c you said you wouldn't buy here. your stocks can keep going up. keep an eye on them b/c, historically, a 40-50 pe for forward eps growth of 20% is awful rich. i'd say the avg for a company like lu is probably 25-30. that assumes no glitches ;-) watch your investments closely. sell when they begin to weaken. lock in the EXCELLENT profits and BRAGGING rights. maybe sell half and let the rest ride. that, in and of itself, reduces risk. maybe sell 1/3 or 2/3. you are your own captain and guide your own ship. that was a great buy in hindsight. it is much more difficult to go from $100-$150 than $60-$100, all else being equal. and... all else is equal. at least for now... btw, you can't beat those returns with a wet noodle :-)

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