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Strategies & Market Trends : Value Investing

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To: hoyasaxa who wrote (18426)	1/14/2004 12:06:44 AM
From: - with a K	Read Replies (2) of 78521

>> If only I could find a good company not trading at or close to their 52-week high! FWIW, I am trying to let go of my natural inclination to bottom fish and be willing to pay up in price, if all the other stars line up. I am now more willing to buy strength. Of course fundamentals and valuations matter, but I try not to wait for the big dip if everything else looks good. Yet I admit it's a struggle sometimes. Hey, I'm a frugal guy. And I missed some great runs because I wasn't willing to pay up for quality or growth or consistency. Take a look at these beautiful 1 yr. charts. All are near their 52 week high. Yet notice the reasonable PEs (except TYC). Look at their EPS line at BigCharts.com and you'll see most of them have been growing earnings steadily. finance.yahoo.com The point? If you were afraid to buy anytime in the last year because the stock was at its 52 week high you would've missed a nice gain. So how did STHLY go from $7 to $14 in one year? One penny at a time, my friend, with each increment potentially being a new 52 week high. Contrast those charts with this one, a company that kept showing "great buying opportunities" when you compared the current price to its 52 week high: finance.yahoo.com So count me in the same corner of getting over psychological blocks! - Kris

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