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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (10241)	12/5/1997 11:15:00 AM
From: Bonnie Bear	Respond to of 18056

porc: true only if forward eps is credible and the Japanese don't sell off bonds. Two BIG "ifs". Analyst in Barron's recently ventured a forward p/e of 12 based on Asia impact, it certainly would change the forecast. I just don't bother with options, I can't sit at the screen all day to catch the two minutes the option becomes profitable. And I have a problem paying ten times book. It's like paying 2 mil for a house that costs 200,000 to build because inflation might make it worth 2 mil someday.