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Non-Tech : OAKLEY- NYSE:OO

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To: Brian C. Lund who wrote (181)2/27/1997 11:56:00 AM
From: capitalistbeatnik   of 1383
 
No,and I never claimed to be able to make short term predictions with buy and hold.

TA fallaciously assumes stocks are fairly valued. Look at KO with a pe in the forties and oo with pe around ten with the latter having the more impressive earnings growth. There is plenty of irrationality to the market which is why Lynch could pick up Telefonos at such a cheap price.

BTW, Ill compare my stock picking record to anyone's. I bought techs heavily when everyone hated them. (No trendline watching for me) And its foolish to "limit losses" and miss five baggers. Even if most of my stocks tank (and they havent), I can still win big.
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