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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: AllansAlias who wrote (35421)4/17/2000 1:34:00 PM
From: the Chief  Read Replies (3) of 62348
 
Allan, look at indexes and there multiples prior to the Inut pop. Look at they allocated multiples to specific indexes, then look at the companies in those indexes. Oversold is when a company trades below the allocated multiple for its index. There is plenty of those now comming to the forefront.

If you look at EBAY or whatever, there multiples were stoopid and did not relate to any other index(other than their own). Oversold can also result in a change of prices in product. ie. Oil prices rise but the stocks don't they are not oversold, but have not kept abreast with the increase in crude.

So how do you judge oversold. look at the October FP and look at the multiples for each index. Then apply the P/E and multiples to see if these stocks are oversold or not.....thats what I have done.

the Chief
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