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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (12130)3/30/2001 2:58:33 PM
From: Uncle Frank  Read Replies (2) of 13572
 
>> The problem is the forward PE, no one has an idea what's happening, most projection of earnings at this time are not worth the paper they are printed on.

That's surely the case, but that's why savvy investors should be focusing on fundamentals and prospects for the enterprise at this moment rather than obsessing over stock prices. Mr. Market is driving blind right now and his navigators, the analysts, are guiding him down the path of despair. But if you can determine that an enterprise is still cooking, you have a huge advantage over the herd, and can take a position at what will seem like chump change if you are right.

But you better be right.

uf
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