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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.70-0.3%4:00 PM EST

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To: American Spirit who wrote (78855)6/17/2001 2:53:28 AM
From: Steve Lee  Read Replies (3) of 99985
 
"Ones I like now are NOK, PALM, ERICY and EMC based on their sharp falls"

I don't place much importance on the sharpness of the falls as a factor pointing to imminent ascent.

More important is to look at valuations relative to earnings, and whether investors are buying the stock. I don't hold much hope for any stocks in that list based on those criteria. What is the average forward PE of those stocks? How do you think their earnings will grow over the next few yeas? (Apart from the fact they are all selling commodity goods)
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