Z Best Place to Talk Stocks Message Board

STOCKTALK

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 : Z Best Place to Talk Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kelvin Taylor who wrote (23915)	7/29/2000 9:15:08 PM
From: Kelvin Taylor	Read Replies (4) of 53068

Opinions on where from here: I think the reason for the recent decline in most stocks is uncertainty. Earnings have on balance been very good. Many of the companies I have looked at reported superb year over year earnings and revenue increases that show the companies are on the right track. But investors are not looking at the actual results, but more the earnings growth rate may be slowing. Does this make sense? Not if you believe the economy will continue to grow just not at the rate we have seen over the last year or so. ANAD is $8 from the 52 wk low (17 1/8) and has EPS growth rate of 30%. PEG ratio is 0.21 and next qr. will be easy to beat from last year(Sept '99 $0.10 vs. EST Sept. '00 $0.21) PE 30. Two is the fear of the Federal Reserve raising interest rates again. This has happened repeatedly all year. With that uncertainty stocks are not likely to perform all that well. When the market can't figure out what to expect then the mentally of sell first and ask questions later come into full swing. Technically the NAZ has broke below the 200 MDA. bigcharts.com However, that has happened several times this year already and the market recovered to trade above that level. With good news being "bad" news and bad news being terrible news it would seem to me that many stocks have factored in some negative news. Some are very close to some support levels. The stock market is the only place that when stocks go "on sale" nobody wants to buy. Only when prices are increasing will the buyers want to make the purchases. Once the FED is out of the way in August and we move into the fall once again I think stocks will start an upward trend. Selling stocks now seems a bit too late. The only thing worse than buying at the top is selling at the bottom. I'm looking at those stocks with good reports, in areas of high growth and willing to establish positions on weakness. Being selective. Average cost down if necessary on sell off days then wait.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next