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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (76602)6/25/2003 9:56:15 AM
From: At_The_Ask  Read Replies (1) of 209892
 
I made some money long amzn when it was at 20. Had no idea that would go further but I knew I didn't want to be short it from looking at the chart. I don't see any reason why it can't go back to 50 or higher. It's like ebay or amgn, not to be f*ck'd with.

Anyway peg ratio is probably better for deciding if something is overvalued. Even then you have to understand the business enough to know if however they are growing is likely to continue so just looking at a flat number isn't really enough. You can use them for screens or something but you have to go deeper. Growth stocks should carry a fairly high pe unless they are undervalued.

I'll save the rest of the fundie's for another thread.
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