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To: techguerrilla who wrote (5909)	1/25/2001 8:01:48 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 10934

I disagree. The high P/E ratio stocks are susceptible to a 50% decline no matter what price you buy them at. Maybe they will make good long-term investments at 10 or 12 times earnings. The way to handle these stocks is to trade in and trade out quickly after a 15% gain (or a 7% loss). The best strategy, of course, is to just stay away from these mania stocks. The fact that some people think that some overvalued stocks will escape the bear is scary, and it is, in and of itself, ample proof that the mania is still very much alive and that we are nowhere near the bottom. When the market makes a final bottom, it will take no prisoners nor will it allow any stock to escape. ALL -- and I repeat -- ALL, of these high PE stocks will get taken to the backyard and shot one by one.