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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Jill who wrote (3467)9/24/2000 3:46:02 PM
From: RR  Read Replies (1) | Respond to of 65232
 
"No, what has created the stock's tremendous price is the incredible strength of the fundamental story -- not the fundamental numbers."

Excellent point by the article.

As you may know, I don't consider PE, valuation, etc. in my selections. Trend and momentum I do. I look back at the winners I've had and the many times I laughed all the way to the bank while others were saying it was overvalued, too high a PE, and on and on. Yet, that winner had momentum behind it due to the story driving it.

Gosh, how many years did I make money on CSCO and the whole time the "square rooters" were saying to get out because of its valuation.....

RR