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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (17326)	6/7/2001 9:47:43 PM
From: Dale Baker	Respond to of 30051

It's a myth that PE's matter to most money in the market. I have a low-PE, low-valuation investment portfolio that prospers for a few months and retrenches when the "happy feet" money has had enough and chases the latest tech headline. Lately it has come back again to value a few days or weeks later. If you could distill all the major analyst calls there would probably not be any preponderance of stocks with real earnings or decent valuation ratios. Dozens of stocks out there fit the idealized value profile and get virtually zero attention from the Street until the price begins to run. Check the ALLY chart for a prime example. The good news is we can steal good stocks at $10 before they run to $30 sometimes.