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Technology Stocks : Qiao Xing Universal Tele Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Elmer Flugum who wrote (61)12/29/1999 3:25:00 PM
From: peter michaelson  Read Replies (1) | Respond to of 203
 
Perhaps they can make better margins using Chinese labor rates, Len. But look at DSWL and others - the PE's on these Chinese manufacturers rarely exceed 8 times. Either way, it does not make a lot of sense to buy XING at these levels.

I coverd my short at $26, hoping for a bounce.

peter