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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (53573)	10/2/2001 4:19:46 PM
From: Jacob Snyder	Respond to of 70976

Yes, somewhat. But I have stopped using PEs, and am mainly using P/S ratios, as a valuation metric. And many quality stocks are now at P/S ratios last seen before the Bubble, in 1997 and before. My largest stock holding, CMH, I bought last year, at a 15-year low PE and P/S. Sold some today, for a 59% profit. Notice, I'm predicting a huge rally, sometime in the next 9 months. But I didn't predict it would be a sustainable rally. I will sell into it, when it happens. At least get off margin.