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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (55434)	10/13/1998 7:31:00 PM
From: LWolf	Read Replies (2) \| Respond to of 58727

trey...thanks, and also. I was just looking at the CBOE link that Lee gave Linda for options to see the stock volatility. While I was there I noticed EK' s P/E was 108 (that enormous), no wonder they got shot down today, especially with less sales and cautious/convervative/lowered forcasts. I'm thinking that any company that make numbers, but has only so so (or lowered ) outlooks and high PE's are going to taken out: forgone conclusion, class act.... no ifs, ands, or buts. I'll bet high PE stocks (unless they show phenomimal growth projects), are dead. This market is going to drive the P/E back down to 'acceptable' ranges (whatever they are). What made me realize this, is someone was telling be how they loaded up on TLAB when it dropped to 35 (it had been 95 earlier in the year). I looked at the chart... it's moved up a little, held it price... and will probably hold..... and the P/E was only 17... I couldn't believe. As a stock it's problably OK for the rest of the month/year. Wonder if anyone else has ideas on this? Laura