MG, RE: "Chew-Chew"
I was going to label it "Chew on This", but agree we have wasted enough bandwidth. I do follow you around Steve. I enjoy your posts on all threads.
Just thought I would bring the potential H&S set-up to the Dudes attention, as I agree that it could turn out to be the Big Momma of all H&S patterns and I think we need to keep it on the radar screen.
I don't follow WAG, but the others are on the Big Boyz list. Let's look at them: SGP current PE 43.8, historical average 20.2, projected growth rate 15.2; WMT current PE 34.6, historical average 23.9, projected growth rate 13.6; WLA current PE 61.8, historical average 24.3, and projected growth rate 23.2. I just don't see how a buy and hold investor can make money long-term with these ratios.
If I was going to recommend a Buy and Hold group in this market (and I'm not), I would suggest considering those stocks in the Big Boyz that are selling below their historic average PE ratio and their projected growth rate. The short list: CAT, CMB, MWD, SLB, S, and TRV.
I really haven't seriously pursued straddles, but certainly understand the advantages in a volatile market. Seems that you just need the underlying to move, and don't particularly care in which direction.
Berney |
