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


To: William who wrote (1564)3/4/1998 5:25:00 PM
From: nealm  Read Replies (1) | Respond to of 2389
 
>WHO're buying in these days? PE is already so high, and earning does
not grow,...<

Well for one all those shorts out there need to cover. Secondly your buying the future *not* the past. First call has year 99 earnings at 2.02. At 2.02, growth to PE ratio is about one. This stock is so volatile I don't know where the resistance and support are at. I just look at the 200 day moving average and hope we get there and stay there.

Neal M.