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Technology Stocks : Storage One...SOJ on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: bob bundy who wrote (292)	4/27/1999 1:51:00 PM
From: Scotchman	Read Replies (2) \| Respond to of 394

Getting back to SOJ. Looks like Yorkton is bailing out and taking profit. Everyone is still waiting for the next news release. Does Yorkton know something about the next NR and thats why they are bailing out? Could have another BII on our hands here.

To: bob bundy who wrote (292)	4/27/1999 2:37:00 PM
From: Professor Dotcomm	Read Replies (1) \| Respond to of 394

E-Bay came through this morning with stellar earnings of $7 million up from $569,000 last year. However the p/e does not seem (in your words) legitimate. Annualized this would appear to price E-Bay at around 1,000 times. But if successive quarters maintain this growth pattern the p/e could drop to about 150-200 times. Amazon has, by most accounts, the most professional and attractive e-site of them all. Its price to sales has plummeted from the 'illegitimate' levels of 1700 a year ago to about 15-20 times now. Yahoo! I don't follow closely. What seems to be the key is not the current price earnings ratio but the upward gradient of sales and (later) earnings. The steeper the gradient, the more exponential appears the current p/e when taken in isolation. When thinking about the return to sane equity markets, think about St Augustine's reflections on chastity and continence. "Give me, O Lord, chastity and continency - but not yet!"