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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (25829)	10/29/1998 1:23:00 PM
From: blake_paterson	Respond to of 70976

Well, the goblins and witches are all running about, chanting spells of momentum for those who would shout, "I love this stock, fundamentals be dam#ed, it will go through roof when we fix Japan." And the bears were all looking for Ms. Alice and friends, 'tween looking glass and hookah to see what is real. In unison they worried and said with a squeal, "There are no stocks to be considered a steal." (apologies to R. Frost) Here we are approaching a PE of 70:1 for the new FY (starts Monday), nearing the 52 week high, and only 30% off our all time high of 52. Makes sense, doesn't it? <g> I say the price should righteously double to 70 when we get the news of a BTB of 0.50 and lose $0.40 this Q. A PE of 140 - 200 is more fitting for this regal cash machine. Underwater and beginning to mouth the word U-N-C-L-E. BP