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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (27949)8/18/2000 4:16:53 PM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
Another close call on volume: I've got 1.42 billion Nasdaq shares. Up or down?



To: Paul Shread who wrote (27949)8/18/2000 4:17:55 PM
From: adcpres  Read Replies (2) | Respond to of 42787
 
Question to active posters on this thread.

Are you people using your TA decision points for trading options on indexes or to help you determine general trends in the markets to decide trading positions in individual securities? From reading, one might guess you people are primarily option traders. OR are you day traders looking for a point or two on a security? Thanks



To: Paul Shread who wrote (27949)8/18/2000 4:40:47 PM
From: eddieww  Respond to of 42787
 
"What do you make of the strength in secondary issues?"

I think that you could tack a listing of all the nyse mid and small cap stocks to your bulletin board and throw darts at them. About 75% of those darts will land on tickers with p/e's less than 15, and peg less than 1.0.

It is occurring to people that if the Fed is done then, by inference, the economy is going to continue to slow for some time. In a slowing economy, the very highly valued techs are going to have trouble for the next several quarters matching year ago growth rates and even revenues, and so their outrageous valuations look increasingly absurd. Same thing for outfits like GE. Rationality suggests for B&H investors to look for the companies with low peg ratios, many of which reside in the mid/small cap category.

Anyway, the Fed may not be as finished as everyone seems to think. If the EU gets agressive about their own rising inflation you could see a lot of foriegn capital repatriated in a hurry, especially if Fed keeps turning on the monetary taps full blast, which dilutes/devalues the dollar. It certainly seems like a fine fix they're in, Ollie.