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Technology Stocks : Keane The leading y2k service provider -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (1262)7/6/1999 7:25:00 PM
From: 45bday  Read Replies (1) | Respond to of 1316
 
Got into chrz at 13 1/8th so hope you are right on both of these. Don't see much downside which is ok right now. Never thought the day would come when i would own two ( actually 3 as picked up a bunch of acly on a buyout rumor ) old y2k companies. Funny I just traded in and out of vias for a 25% gain in a few days so anything is possible.



To: American Spirit who wrote (1262)7/6/1999 11:18:00 PM
From: Greg Jung  Respond to of 1316
 
AS, remember chrz has had its 30% run so I would discourage a short-term watch. PE ratios are based on prior earnings and the low PE indicates the market of investors believes forward earnings are to be low, or are uncertain, at best. Even if a growth outlook is correct, the market isn't in the mood to recognize it, and won't be while there are much more sexy businesses to chase. Unfortunately we are led by the nose by the tulip traders: if they aren't actively goosing the equity fad of the day then not much is happening anywhere else, either.

What discourages me about Keane is the months of no/few negative announcements leading to the previous earnings, while the stock tanked to 17 or wherever, through the earnings report and just when
it should all be past us, they come out and say yes, things are going to be slower because of y2k. They are two months late with this.

Greg