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To: DaYooper who wrote (10992)2/28/2001 7:30:37 PM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
I am a proud holder of KSS puts (Kohls with a pe of 71)
KREM (Who knows what that PE is), IBM (with a supposedly low pe but probably has no growth whatsoever). When I say dow I mean anything on the NYSE. Retail should collapse.
Bank stocks (I have a basket of puts on those) should collapse as well. KO has a pe of 60 or so with 5% growth.
How the hell is this possible? Once again, people chasing anything and everything that is going up. In better times tech growth will return. Can Coke ever really support a PE of 60? Kohls dept stores a pe of 70?

Notice I said the DOW should collapse, we will se about the will.

Right now, I am focused on DOW puts cause options on those stocks are cheap.

M



To: DaYooper who wrote (10992)2/28/2001 9:35:11 PM
From: LLCF  Respond to of 13572
 
<But the DOW? It must still have single digit PEs doesn't it? >

Are you nuts??? It's on the moon historically... and thats BEFORE all the negative earnings growth over the next year.

dAK