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techcharter

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techcharter

Re: lexus300 post# 12059

Wednesday, 06/01/2005 8:52:28 AM

Wednesday, June 01, 2005 8:52:28 AM

Post# of 51854
Lexus: GOOG

My technical comments this weekend about GOOG being near a major tuning point have been confirmed by analysts raising their targets to $350. This is pure excitement. GOOG has a stratospheric PE of 109.59. That implies GOOG is 200% overpriced. PE of 33 is about the historic limit for tech. You would be better off buying 2 yr Treasury bonds. This smells like Y2K all over again. Resist the urge to buy long. Wait for a very sharp pullback on GOOG before shorting.
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