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To: kormac who wrote (10427)	11/19/1997 4:26:00 AM
From: AlienTech	Respond to of 12298

>>AT, are you having fun instructing the innocents about PE ratios. It took us some time to learn about this sh*t, but now we know.<< Well you know its a futile attempt.. No one thinks a $18 stock will go to 9. Theres a reason why a stock has a certain P/E. PSFT has a P/E of 115 and a lot of people wont buy it.. Heck I bought some at 52 and sold it at 54 cause everythign else was going down at the time and I got scared, especially when I looked closely at the P/E of 100+.. Right now it has a stock price of 65! There is always a reason why the PSR and EPS are low or high for a particular stock and learning to differentiate that, what makes you money or not.