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

To: Labrador who wrote (799)	4/16/1999 6:12:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 815

Well, I am a true believer in what you write. I like your term, "category killer" because FO is just that, a category killer. Copper is out and glass is in. But when in heck did Intel have a p/e of 170? What about MSFT? IMHO, at these valuation levels it will a) take a long time for the earnings to catch up to the stock price (years and years...) and at these valuation levels anyone buying in is subjecting him/herself to unusually large downside risk with less and less (as prices rise) upside potential. Buy now and you'll have to really sweat out a correction. Buy when the p/e is in the sanity range and you'll sleep like a baby ane have a watermellon smile. Now, that having been written, I ought to point out that I yammered that the p/e was overblown back in December when the stock was pushing $60. So, what do I know? <g> Ciao, David Todtman