Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (12234)	3/14/2003 10:00:40 AM
From: James Strauss	Read Replies (2) of 13094

I remember my Father making a case for Chrysler back in 1982, his thinking was the Govt. could not afford to let them go down the tubes, just based on the unemployed they would put on the dole. I don't think many people today realize just how bad things were back then. Anyway, he bought a boatload of shares in the $2 range. He also discovered a little po-dink chain called Wal-Mart back in that time frame.. William: I can see where you got your successful contrarian investing style from... : > The Dearborn, Michigan-based company has forecast profit of 70 cents a share in 2003. Investors expect 50 cents, based on a survey of analysts by Thomson Financial. Ford has consistently had a low P/E over the years... A P/E of 2 to 10 puts the expected .50 eps in the 1.00 to 5.00 stock price range... bigcharts.marketwatch.com I'd probably wait for a dip below 5.00 and then a close above 5.00 for at least a week before plunging in... Jim

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