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Re: hweb2 post# 17176

Monday, 07/25/2005 2:15:25 PM

Monday, July 25, 2005 2:15:25 PM

Post# of 174965
hweb, XWG, Not a value stock anymore. Now a glamor stock. I bought it on the pullback that you mentioned. XWG, will follow FORD. Glamor stocks command a PE of 50, "value" stocks command a PE of 15. BTW, almost all glamor stocks start out as "value" stocks. Then the perception is that earnings will go exponential. Sometimes they do, sometimes they don't. I made the mistake of not recognizing that BOOM was turning into a glamor stock and I sold it because I thought it was fairly valued at $10. It then went to $46. Same with ANTP. Sold for $23 and $27 and sat here and watched it go to $50+.

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