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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: stock_bull69 who wrote (423)	4/12/1999 11:06:00 PM
From: Peter Goss	Read Replies (1) \| Respond to of 1390

As I pointed out to the thread a few posts back, all of you better have a sell discipline. It is very easy to get giddy as the price goes up five or six percent per day. It is clearly running up ahead of earnings; whatever they are it will be a fairly substantial sell the news event. For a company with growth prospects of around 20% over the next few years (less if we hit a market decline; much less if it crashes)to be priced at more than 100x peak cyclical earnings is insane. You have made a lot of money; rather than gloating about it you should be looking for ways to protect your gains. This is a cyclical stock; we are at the peak; not everyone is going to daytrade at schwab for the next fifteen years. Today you saw big time capitulation of the shorts. good trading, Peter