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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (491)	8/22/1998 2:12:00 AM
From: Jon Tara	Read Replies (2) \| Respond to of 7247

There's now a thread on explosive detection stocks: exchange2000.com I disagree with you that these stocks will go back down after the hububb is over, unless we continue to have a general market decline. All of these stocks are undervalued, with P/Es under 10, and all with growth that justifies a much higher P/E. I think that people are afraid of these stocks because of the way they bubbled a couple of years ago. There is a HUGE difference between then and now - and that difference is REVENUES and PROFITS. They didn't have em' then - they do now. I suspect they get an up day Monday - one of the lead stories on CNN is about the FAA tightening security at airports "for the first time since 1995". (I think they mean 1996, but, hey, good try, CNN...)