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Strategies & Market Trends : Analysis Class for Beginners

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To: TechTrader42 who wrote (1412)7/8/2001 8:22:33 AM
From: Arthur Tang  Read Replies (2) of 1471
 
P/E ratio is going to surprise you because of Greespan's gift to GE capital. Besides, price of stock is not based on P/E ratio; it is based on support level. GE has specialist's shorts of 85 million shares, average cost around $52. That is plenty of liquidity. The pull back is to take out weak hands, who analyzed wrong; so that the price will move nicely when GE capital reports next.

If you don't mix up fundamentals with the technical analysis, you will make some easy money.
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