re system, let me out myself. I lost my quote provider sometime in may, so my regular nightly/morning sessions with doji sticks abruptly stopped. For better? I would not know, Probably not, because I got sloppy on exits. OTH I still steadfastly stick to following the earnings, it's the result my feeding on Ben Franklin and WB, Here's an example ALU for 01 estimates and as you see Im still behind the curve (- its what Im be doing for the next hour or so, updating my radar data). 0.77 30/01 1.60 9/01 1.90 5/01 1.96 2/01 1.99
[EDIT]A lot of red and crimson, negative PEs etc. If we were so jolly active on riding it up, why desolation when the elevator turns into delevator?
There's been a lot of new eternal truths around, that got punctured lately - one of them still to go is high PEs. (AT&T at 80, MU at 60, csco at 43). We could handle these kind of numbers few years ago, because the growth was there (we were told at least). So - my bet is, to put it in nice words "the negative growth will accelerate" - even if Fleck is not there for a week or two to "tell it like it is".
All the best to e'body.
dj |