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Gold/Mining/Energy : JDS Fitel -- Ignore unavailable to you. Want to Upgrade?

To: Hank Stamper who wrote (530)	1/11/1999 9:35:00 PM
From: Aloysius Lo	Read Replies (1) \| Respond to of 815

Yup. This is a new era. :) And while fundamentalists may be more comfortable with forward PE's of 30, there are also many people comfortable paying forward PE's of 40 or more for companies like JDS with 60% growth rates. Today's action was good...the stock opened high and then came in, allowing Mr. Market (as you put it) to recover his short(s) or inventory that he didn't really want to sell. The bidding on the pullback was consistent in 1/4 increments. In another words, the stock is still under control and orderly. Expensive...but orderly. So the big question is how long will this new era last?