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Technology Stocks : EMC How high can it go?
EMC 29.050.0%Sep 15 5:00 PM EST

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To: Tony Viola who wrote (5819)4/20/1999 11:39:00 AM
From: Box-By-The-Riviera™  Read Replies (1) of 17183
 
hardly absurd..... the issue is the relationship of growth to acceptable p/e or cash flow rates.... when real growth or real increases in cash flow can be realized on par with recent tech stocks, but in other sectors, without paying for super gigantic multiples (p/e's) then there's hardly anything absurd about it at all.... the only thing (given all the above is true) that would be absurd, would be your refusal to more your money to another sector that fits the above thinking.....hence you are here, and they are there. Personally, I'm repeating the theory. I haven't made up my mind yet. As you can see, fund mangers are still selling to folks like you at the moment. Until that changes, you are on the wrong side of the market.

later

Joel
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