Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: Doug R who wrote (123)	6/18/1997 6:26:00 PM
From: HeyRainier	of 257

Doug, upon taking a quick glance, ABDR has an incredible set of balance sheets. It is projected to grow earnings by 58% this year and another 37% next year. With a current p/e of about 62, this looks about fairly valued in my opinion. It's a personal quirk, but I'm not comfortable taking positions in anything with a significantly high p/e, even if future promises are high. BTW,you pointed out a really interesting observation about the ascending triangle in relation to the inverted head and shoulders pattern. I didn't previously realize it; I'll keep my eyes open. Regards, Rainier

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