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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (1819)	12/31/1997 1:36:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 7342

Craig, the point I've been trying to make is that valuation models don't work very well for growth stocks (and its futile to try to determine whether an equity is under- or over-priced), and assuming that the stock is priced properly (as MPT teaches), it is reasonable to assume ceterus paribus that it will appreciate at its perceived long term growth rate. If this is somewhere in the neighborhood of 35% - 40%, so I expect that TLAB will be somewhere around $75 this time next year. That's why I like growth stocks, and that's why I stay with them so long as the long-term fundamentals are there. Regards, Paul