You can draw a line from the aug/oct low of last year, in Feb AOL nearly hit that line, so now, for the ride to the high 50's would seem as a good time, only if the market is done selling off which it isn't, so you it would seem one would be early. I 'm beginning to believe myself, very dangerous. just joking. LOL I have been swamped all day by QCOM holders via PM, email, and post from people I never even seen before, that stock takes up way too much of my time, boy I hope it goes as low as I want it too.. 40's would be a fantastic buy for QCOM. back to AOL. <g> I haven't looked at the growth rate or the current PE for AOL, but I have been using 2 times the five year growth should egual the ttw PE as a gauge for value. ALso, AOL is one of the only big stocks to have made it down to near the aug/oct lows of last year, (MSFT doesn't count), that is why I'm using it as a gauge for the health of the market at large.
Greg |
