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To: CAtechTrader who wrote (28522)8/11/2000 10:48:54 AM
From: Clappy  Read Replies (1) | Respond to of 35685
 
Hi CAT,

I agree EXTR's product is selling like crazy.
The stock has been rewarded for beating the competition.

However, a 400% rise in price is a very high jump in just 2 1/2 months.
At some point it has to give back a little.
Any sign of weakness may cause profit taking and shorts piling on.

I agree it still shows a lot of potential and room for a LTB&H. However, trading into right now has it's risks.

In a competitive market like this, some form of FUD is bound to hit soon.
It could very well happen 100 points from now.
Who knows.

Mind you, I'm the same person who missed most of QCOM's rise last year because I kept thinking it had gone too high...

For some reason, these fast rocket rides up scare me more than the falling knives. I tend to catch more knives than rockets these days...
Hasn't done me much good...

-Clappy

P.S. Are P/E ratio's among the companies in their niche scaled according to their growth rates? EXTR's P/E has been climbing. At what level will they be considered a fair valuation compared to their peers?