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To: Sergio H who wrote (812)1/1/2003 9:36:55 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 23958
 
Sergio/Godot,

Good to hear ATPG's chart is still holding up.

Sorry, but I must confess that I have little interest in either TA or the oil service companies. (I am interested in TA only when it involves a stock I'm in and its positive!)

I am basically an event-driven investor, where I look at a stock that appears to be undervalued and then look at future event(s) that may unfold (e.g. ATP's first well in the North Sea) and construct a thesis that such event(s) will, assuming they turn out favorably for the company, cause the market to reduce the amount by which it is undervaluing the stock. Other than stated above I do not pay attention to TA, and I don't care to just go into a stock as a sector play.

For the oil service companies, I don't understand the kinds of multiples the market seems to be putting on their future earnings. They appear high given how cyclical the oil & gas industry is.

Sorry I've not been very helpful to you.

My sense is that TA is mostly effective for short-term trading (holding periods of < 6 months). I usually like to get into a stock for 6 - 18 months. Do you think TA is helpful for those kind of holding periods?