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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen Trautmann who wrote (8759)	11/23/2000 2:06:12 AM
From: Berney	Respond to of 11051

JT, Looks like a very nice spot to sit and wait for the thirst to come. Those were some really interesting kites in one of the pictures. While I have 42 of the 77 Big Boyz trading under their 50 week moving average, I think we are getting close to a bottom. IMHO earnings for this quarter or next year is not the issue. The projections for the Big Boyz show an increase in earnings for this quarter of ~19% and the same for next year. Not Bad! The median current PE is still about 12% above the previous 6-year historical average, but this is down dramatically from the over-valuation of a few months ago. In fact, my price model reflects that the Big Boyz could actually appreciate about 12% before year end and still be within fair valuation. I updated all my data for the Big Boyz over the last couple of weeks to get ready for what I feel will be the bottom. I've got another Phleet prepared to shortly set sail. I've got the bottom at QQQ at 5-7% below us. As always when we get to this point, the problem is whether it will stop. I'll take the position that life will go on! TB