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Strategies & Market Trends : Point and Figure Charting

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To: wlheatmoon who wrote (23480)	9/2/1999 10:20:00 AM
From: Augustus Gloop	Read Replies (1) of 34808

<<The punishment won't end for a few days. Add that to a lousy market and why would anyone go long?>> For me it's because I can't call the tops or bottoms so I have to buy the stock when it's on sale. Clearly it's on sale and the sales may even get better. So, I will keep some powder dry and buy on the way down. 140 is support as you said and I would love to buy more there. <grossly overvalued> I don't know where you people are getting these views. At 150 I am coming up with a stock that has a forward PE of around 36 and a great growth rate and gross margin. What am I missing?

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