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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (2624)	8/30/1998 11:13:00 AM
From: James Strauss	Read Replies (2) \| Respond to of 119973

TM: I agree that we won't suffer the BEAR for 9 years, but 3 to 6 months is reasonable given the fast pace that info flows these days... We'll know the BEAR is satiated when the likes of AMZN, YHOO, AOL, etc., reflect more reasonable P/E's... This means we can see these stocks drop 40 to 60% from current levels... Also, other BEARS have ended when the market P/E was in the 10 to 12 area... In the early 70's the P/E's got as low as 5 or 6... So, a Dow in the 6000 to 7000 range is not out of the question... Jim