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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: isopatch who wrote (28925)1/31/2002 9:57:57 AM
From: Paul Shread  Read Replies (1) of 52237
 
One other thought: at their lows yesterday, TYC and ELN were 50%-55% oversold, based on their 10-year valuation ranges (the Trouncing the Dow approach). I don't think I've ever seen a stock hit that level that wasn't good for at least a good bounce.

I can think of only a few stocks that have gone that low in recent years: MO and WM at their 2000 lows, and BA at its September low. MO and WM went on to return 100% over the next year, and BA is up 30% from its low, but with a drastically lowered outlook. Will keep an eye on TYC and ELN to see if we have a pattern here.
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