Put in a buy order today for 5.125. In all the market turmoil, hopefully it will get there tomorrow. As stated in some previous posts, I have some gains to risk, but am willing to let it ride on the third quarter announcement. I don't think the recent drop has anything to do with the stock, just the market panic in general. The biggest indicator I have on this is another company that was a $ 20 stock two months ago with a trailiing PE of 13, now were a $ 12 stock, with a trailing PE of 8. Using anticipated earnings for 1999 puts the PE at 6 and the growth rate at over 15%. Is this rational or just pure panic?Still convinced 3rd quarter numbers for CMI will be the make it or break itfor this company for the next couple of years.
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