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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (111594)	5/19/2000 3:14:00 AM
From: Eric K.	Read Replies (1) \| Respond to of 1583999

ted- I don't buy stocks with a forward p/e of over 5, and I sell stocks when they got a forward p/e of over 20. forward is a function of the growth rate of the company. As to Cisco, you made my point for me. As people have started to question CISCO and the hold rating appeared a few months ago, the stock has stopped rising. When it was going up massively, there were virtually no detractors. Point being, the idea that when everyone is bullish there is a contrarian indicator is wrong. The warning occurs when the very first bears start emerging from the woodwork. -Eric