SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike 2.0 who wrote (263)9/13/1999 8:47:00 PM
From: Wade   of 336
 
Mike,

I agree with Big Buy that there were not enough buying power for AZX, except panic selling. The chart had a double top and it broke through the support today. It should bounce back if the PE is not too high comparing to the industry. But, I would not buy it at this price because the PE is still too high, imho. I will wait for it to settle. I expect it to reach a selling frenzy by year end if the price do not recover by then. Good luck and take care.

Sincerely,
Wade
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext