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To: Torah Wolfe who wrote (10)3/30/2008 9:24:02 AM
From: Rock_nj  Respond to of 26
 
Nobody knows for sure where a stock will go in the short or long run. But based on experience, stocks with sky high P/Es often trade lower, as the market brings them back to reality. Also, any earnings miss would really hurt a sky high P/E stock.