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Technology Stocks : PairGain Technologies

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To: margin_man who wrote (29506)	3/24/1999 10:55:00 PM
From: P314159d	Read Replies (1) of 36349

It is amazing how fair valuations equal 27 times fwd PE (1325/49) today with interest rates at 5.5%. In the 60's, it was 21 to 22 current PE with 3% bonds ( and it was widely recognized as overvalued) and we got 3 bears. Then we had '87 with a current PE at 22.5 and fwd PE around 15 (45-50% growth - expected and realized), but got a crash! But their ain't nothing wrong now! Nope, A/d,R2000, new highs/lows all look awesome ! good call Abby! <G> Be we can't get hurt investing in the Net!

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