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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: MeDroogies who wrote (2833)4/5/2001 2:26:26 PM
From: tradermike_1999  Read Replies (1) of 74559
 

I don't see that Warren Buffett is a guide to all that is right and proper in investing behavior.


I don't mean to suggest that you should make an investment unless Warren Buffett would do it. I do not trade using his methods. I primarily use technical analysis and charts. I wouldn't do a value play unless the chart looked good. Where he ignores the charts and looks at cash flows and valuations.

If you look at technical analysis than there are hardly any stocks worth buying as an investment. GE and ORCL have completely broken down and the charts say they have much further to fall. If you use fundamental analysis - Buffet's methods - than you cannot touch these stocks either.

GE has a P/E of 31 and cash flows that are rapidly deteriorating. go look at the balance sheet and you'll see what I mean. This is a warning sign that suggests something is wrong with the company. Oracle is also having revenue and earnings problems as Oracle investors found out the other month.

My point in bringing up Buffett is this - in order to be a succesful investor you need to have a method of investment that takes into account the fundamentals of the company or the price and volume action of the stock.

Simply buying a company because you percieve it is a good company is not a method of investment. It is gambling and will send you into the poor house.
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