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To: Elmer who wrote (110167)9/18/2000 2:54:24 PM
From: Jim McMannis  Respond to of 186894
 
The nasdaq is down 25% from it's highs. That's a bear.

No doubt.

RE:"CSCO is still carrying a PE of 118! Is there any reason why it can't lose another 50% and still have a high PE?"

Like I said, given the time, the momentum has been broken, tax loss selling coming in...it can go lower...

Jim