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


To: Terry Whitman who wrote (30071)9/18/2000 9:40:11 AM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
I would add one point to this debate: valuation. MCD is trading at its lowest valuation since '94. KO would have to trade at about $38 to be as undervalued on a (recent) historical basis as MCD is. I think a stock's historical valuation is worth a look if you're doing more than short-term trading. That was one reason I was thinking about GM at 57; the stock hasn't traded at a PE lower than 6 in many years, I think more than 10. Historical valuation versus growth rate is one point at which FA can approach the usefulness of TA, IMHO.



To: Terry Whitman who wrote (30071)9/18/2000 9:42:43 AM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
Does anyone have a chart of the NYSE A/D line from '70-'74; I was curious how the line performed during the run-up and subsequent sell-off of the Nifty Fifty.



To: Terry Whitman who wrote (30071)9/18/2000 3:09:53 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 42787
 
Terry trend following was rewarding during the last several years, but many forget that there is time to buy and there is time to sell.

Nobody went to the poor house for selling to early with a profit.

Momentum investing can also work in reverse.

Haim