----- Original Message -----
From: "Laszlo Nadai" <[EMAIL PROTECTED]>
Sent: Saturday, September 16, 2000 3:54 AM


> Yeah, I lost my shirt too, but P/E is still 280.90 :-(
> laszlo

Well I sympathise with your situation, but as I said here before - buy
recommendations  - especially strong ones - are very often the best reason to
sell as is the situation here.

Allaire is now trading around a 52 week low just to add to the depression.

The "problem" Allaire have IMO is that they are a "real" company with real
trading record by which they will be valued, rather than a blue sky company with
nothing but hype as a valuation.

A PE ratio of 280 is ten times higher than you would expect it to be, but unless
a company is making profits (not sure whether Allaire does or not) the PR ratio
is relatively meaningless as is EPS. The valuation is all based on prospective
earnings over the next three to five years.

Adrian Cooper.


> > Please reply to me privately so that this doesn't eat up list time, but does
> > anyone know why Allaire's stock has been plummeting? I thought someone on
> > this list might have some insight. Its been as low as $16 this morning, and
> > all I can find is buy recommendations, targets of $80-$125 and good news.
> >
> > TIA
> > Philip
>
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