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To: el paradisio who wrote (6106)	3/31/2000 1:51:00 AM
From: c.hinton	Read Replies (1) \| Respond to of 11568

Short term bottom before reaching a long term bottom?Or a short term bottom before soaring to new heights?Your calculations must of coarse make very large assumptions about the future that nobody can fore see."The concept of future prospects,and particularly of continued growth in the future invites the application of formulas out of higher mathamatics to establish the present value of a favored issue.But the combination of precise formulas with highly imprecise assumptions can be used to establish,or rather justify practicaly any value one wishes,however high ,for a really outstanding issue." Benjamin Graham 1934 yours chinton