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Strategies & Market Trends : 50% Gains Investing
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To: Matthew B. who wrote (229)11/11/1997 1:21:00 AM
From: Dale BakerRead Replies (1) of 118717
 
I am very interested in everyone's posts here. But like I told someone else, I look at what's posted critically and comment. That's the way I approach investing.

Your mention of First Call tells me that the Yahoo estimates average may not be correct for SCOP. I know that happens. I will look further into SCOP now based on that discrepancy.

WDC's PE was based on estimates of .80 quarters while they now project .20 - .30 quarters. The fundamentals changed so the forward PE the market will support has changed. I don't follow APM.

I disagree about the company turning around. If SCOP can't compete in its market niche, its stock price will not go up and your April 12.5's won't go up either, unless we revert to a momentum bull market and software companies start carrying high PE's again. I understand you are trading the stock and not investing; but the company which the stock represents will affect the stock price, IMHO.

Please keep posting your plays. If I like one, I'll whoop and holler. If I don't, I won't.

Last word - I'm not an expert, just another investor on SI who likes to swap ideas. I've seen a lot of paper profit vanish the last few weeks and I'm trying to learn from it by being more cautious in what seems to be a more bearish market climate.

Good luck.

P.S. Here are the First Call estimates I just pulled from E*Trade. They are lower than the Yahoo version but there may be some charges I'm not aware of that affect the stated earnings:

First Call Consensus Estimate LT Future
Current Qtr. (Dec 97) .07 dn 48%
Yr. Ended Mar. 98 .33 dn 21% 45%
Yr. Ended Mar. 99 .42 up 27%
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