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


To: TechTrader42 who wrote (21969)10/18/2001 10:34:46 AM
From: Steve Lee  Read Replies (1) | Respond to of 52237
 
Re ARMHY's PE of 91.8. TXN beats that. And if you go by earnings estimates as per Yahoo, its PE will be half that within 3 mths (assuming stock price stays equal).

Bought TXN puts yesterday. Unfortunately sold them for a small profit b4 the close thinking with the bubble back in force, I would be able to buy back cheaper. No such luck, the stock is down nearly $2 and I bought the puts back at a premium this morning.



To: TechTrader42 who wrote (21969)10/18/2001 10:46:21 AM
From: Terry Whitman  Read Replies (2) | Respond to of 52237
 
>When they come back up to the 200 SMA, they're often make good shorts. Not always, but often.<

That's one of Granville's main trading rules- with the addition that the 200 dma line should be falling. If the line is rising or flat, it's not applicable.