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Technology Stocks : American Power Conversion
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To: w0z who wrote (922)2/21/1997 9:08:00 AM
From: Joseph Francis Torti   of 2574
 
BILL, Yes you are right Msft is a little high for my taste. I was thinking of buying puts when msft came out with their last earnings the stock was in the 90's and the p.e. was in the forties. I started a paper portfolio on options buying Msft Feb 90 put and it expired worthless. I saw how high the p.e. was price sales, everything and the sucker goes on to make a new high at 107.00 I believe. So I guess
even if you think a stock is grossly overvalued you still could be wrong. Go Figure maybe we should do the opposite of what your gut feeling said, If your gut feeling said buy you sell and vice versa (G) My gut feeling said buy Apcc this morning I hope it does not go back the other way. (G)
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