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To: Jenna who wrote (214)3/14/2001 11:45:14 AM
From: Dave Gore  Read Replies (2) | Respond to of 589
 
Jenna, I agree for the most part. However, while there ARE a LOT of low-priced stocks, there still are not many that are necessarily undervalued. I would really like to see a list of stocks that we can all agree ARE undervalued.

Remember earnings visibility is about 10 feet. I can say I love the low PE's going forward of SLR/FLEX or KEM/VSH, and even GLW but what if they warn a week from now of 20% add'l shortfalls for the quarter? OR worse, what if they warn for the coming year? Can I really trust the forward looking PE consensus that I see from analysts? Of course not!

The ONLY stocks that I feel fairly comfortable with intermediate term right now are GLW and maybe CIEN and VTRS because they have recently not guided down.. That's it. Any others in tech? What about other sectors? Has anybody been tracking stocks whose companies are guiding UP?

Anybody?

That all said, I do still expect a relief rally at some point that probably will not hold.