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Technology Stocks : USRX
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To: damniseedemons who wrote (12873)2/24/1997 6:47:00 AM
From: Dwight E. Karlsen   of 18024
 
Sal, I'd like to comment one more time on your sudden conversion to a networking bear. Let's return again to CSCC and COMS. These things were WAY over-valued, CSCC in particular. With the eps thru 12-31-96, CSCC had a trailing PE of 90 at $65, with two quarters of sequential Q-Q sales growth of only 17%. COMS had shot into the stratosphere also. And of course USRX was way way over-valued last May at $105. These stocks didn't deserve the prices they had attained, and they have since corrected.

>I believe that the networkers (including USRX) are in a cyclical bear<

And I believe that sanity has returned to the net-working stock sector, and that momentum investors like yourself are fresh out of targets.

DK

PS--There's always Y2K plays.
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