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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (24593)	6/27/2000 3:04:00 PM
From: Lee Lichterman III	Respond to of 42787

Thanks. What do you make of the weakness in all the high PE stocks like EMC, GE, SUNW, NOK, RMBS, SDLI, PMCS, QLGC, SFA FLEX etc. These were favorites of the street but they sure are weak here. The news spins claim that the street is not expecting a tightening of rates but the price action of the high PE stocks sure is telling a different story IMO. I can understand some infra structure plays like SFA since they use AT&T as a major customer and in light of HLIT's warning about T slowing thier buying, that doesn't bode well for other T customers. However the other high flyers are also falling so I suspect something more Macro may be happening here. Getting ready to make that hour drive to Boise again. I think it might have been cheaper to just buy a house there for the use of a month or so. Arghh! Of course there is construction for half the drive too so you can't pass all teh RVs and camper trailers going 35. Good Luck, Lee