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Strategies & Market Trends : Bear Market Momentum Investing

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From: Perspective3/7/2008 3:13:22 PM
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ONNN is a good example of what I'm targeting. Terrible balance sheet:

finance.yahoo.com

means it's valued purely on earnings. Now earnings are coming into question so the stock is sliding:

stockcharts.com

but remains well above the valuation floors established in the last bear:

finance.yahoo.com

Sure, it's down from 12 to 6, but it could well be on its way back to 2.

`BC
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