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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (35068)	12/11/1999 9:04:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

OT Good catch regarding my statement >>Only 27% of stocks are up. That means that somewhere out there 73% of people are holding losers. >> I should have said, Only 27% of stocks are up. That means somewhere out there people are holding 73% losers, not 73% of people. As for looking back more than 9 months on that stock, why bother, the one year chart showed it flat and 9 months of earnings were basically flat. That tells me that any fundamentals regarding it's recent run up has to be based on current or projected gains. My point was that as far as teh information I could find quickly, FA didn't justify that type of move up which the poster later gave possible rational for. My point was that 1% growth didn't justify a 63 PE ratio. Your own profile says... " don't pay a multiple greater than the growth rate" The poster didn't take my post as a flame and posted that the company has a new prodect that MAY have huge growth potential. That additional information at least gives a bit of reasoning that blurs the lines. Good Luck, Lee