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To: James R. Barrett who wrote (21674)6/13/1999 12:44:00 PM
From: Steve  Read Replies (3) | Respond to of 41369
 
JAMES.....
That is a very fair question and I have an answer:

On April 26th, I felt techs hit a double top chart formation. The following day I started to cut back my tech holdings with the highest of highest P/E multiples first.

I am now 75% cash. Many of my stocks have P/E's below 50-60 and can withstand a longer correction. I think many NET stocks will still get sliced in 1/2 from here, yes in 1/2.


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