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

To: Berney who wrote (36612)	11/28/2000 9:23:59 PM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 42787

I'm not too sure what comprises your 77 Big Boyz, but I understand your fundamental analysis (earnings growth from 27% to 30% (est) to 19% (est)). Two questions: Is 19% earnings growth in 2001 realistic given the apparent decline in orders that appears to be accelerating while the impact of the last Fed increase yet to be fully accommodated? What is the P/E of the 77 Big Boyz and is it supportable in a contracting economy? (I suspect some of these Big Boyz have negative earnings which may get a lot more negative if economic growth slows.)

To: Berney who wrote (36612)	11/28/2000 9:25:34 PM
From: Trading Machine	Read Replies (1) \| Respond to of 42787

Berney, as you know I strongly believe in two things, the first is TA and the second is that the big boyz RULE. Your very valuable analysis has shown that time and again. I can remember last year in some of your posts that it was obvious that either valuations or expectations had to come down. We just didn't WANT to believe that it would/could have to occur! Now that we have seen both come down the real task is to forecast with some validity as to where this cardinal point (DA BOTTOM) will be. Hmmmmm However, just like you have said all we have to do is be patient and wait for the down trend line to be broken and I will add that in this market we probably should wait until the DT line is retested before reentry with any great gusto. All this is easy to say but as we both recognize it takes a tremendous amount of discipline to WAIT! (it is easy to trudge on in and loose money, believe me I have done it enough times)gg Aint the stock market fun!!! gggg CU PK