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Technology Stocks : i2 Technologies -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (1469)	12/13/1999 1:01:00 PM
From: Charles P. Hubbard	Read Replies (4) \| Respond to of 2339

When a stock goes up by a factor of ten in one year, and sports a PE of 400 which is 4 times it's most optimistic growth rate, it can conservatively be considered grossly overpriced. One "analyst" even called for a price of 200 which is "only 75 times 2002 earnings." I have been around long enough to recognize insanity when I see it, and this is insanity. However, this does not guarantee that the price will go down immediately. One can not expect rational thinking from a populace that twice elected Clinton, and believes that the Fed can save us from any significant decline. Economic disaster is just around the corner, but the fools won't see it until it is too late. Todays stock price (ITWO) indicates to me that the smart boys are unloading to the young fools. JMHO and WDIK etc. CPH