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Technology Stocks : 3DFX
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To: Frank Sheridan who wrote (9951)12/31/1998 2:21:00 PM
From: Sun Tzu  Read Replies (2) of 16960
 
OT -- The forward PEs are substantially lower and are expected go even further down. Any cyclical company will have obsurdly high PE near the bottom of its cycle and surprisingly low PE near the top. Getting the cycle right is one of the main difficulties of investing in cyclicals.

Sun "Wishing everyone a great year" Tzu
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