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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (2489)11/16/1997 10:59:00 AM
From: Paul Senior  Read Replies (1) of 78632
 
Jeffrey Bash: re APM. Retesting lows doesn't affect my ruling reason for buying the stock (or so I am telling myself -g-). It's possible that the price could indeed regress to its mean trading price of that time. If stock remains within range you suggest, then I would be concerned. But with much higher computer and disk drive sales now, my expectation of this higher sales volume continuing and the new management team in place, I am betting that there will again be larger profits (than in past years) and a different and a higher trading range in place. Now if I can just hold on for 6 quarters to get through the valley to that higher range -g-.
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