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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: TechTrader42 who wrote (14681)8/11/2001 1:08:02 PM
From: Trading Machine  Read Replies (2) of 52237
 
Brookelise, can't disagree with you, but I have heard this same argument before. Most notably with the NAZ run up. I guess my point is that it takes a lot (and I don't know what a lot is) to dissuade some investors from buying. I am one of them. I never look at the P/E of a company or an index. If the trend is right I buy or sell it. So if there are a lot of folks like me out there.....! Now you take DIS, CPQ, and AOL for instance, shux, a P/E of 32 ain't nuttin!ggg Out of the 70 or so stocks that I watch only ONE (F) has a P/E under 10! Three or four years ago it was a sin to have a P/E above 10.

But there is a point where it will become so ridiculous/obvious that folks will begin to drop away/sell their positions. This is the only explanation I can come up with. ggg

Berney is the all time FA dude and he hammers me with FA stuff. He is correct in what he states, however, for the most part it has little effect, especially in the short term. I have to believe there are a lot of traders that don't have any FA information available to them. You folks that understand it and know it take it for granted that everyone else does also. I suspect that this is no longer true with the influx of new traders and the Internet. BWDIK? Nuttin obviously. gggg

BTW, I fall in the newbe category. Also, I try not to be an investor, just a trader, or swing trader that is. If I hold it for more than a week I entered at the Wrong place. ggg
Good/Great luck

Paul K.
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