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Strategies & Market Trends : Bear Market Momentum Investing -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (15)3/7/2008 9:34:18 PM
From: Giordano Bruno  Respond to of 248
 
The Russell has a pe of 43.15

stockcharts.com



To: patron_anejo_por_favor who wrote (15)3/10/2008 11:44:42 AM
From: Perspective  Read Replies (1) | Respond to of 248
 
I'm still reluctant to fight anything related to energy, but it appears the global transportation sector is indeed getting into trouble. So it wouldn't be fighting the trend to short them any more.

Which ones, if any, are you shorting here?

`BC



To: patron_anejo_por_favor who wrote (15)3/10/2008 11:52:19 AM
From: Perspective  Respond to of 248
 
I know the airline industry is a favorite of yours <G>, so I thought I'd get your take on this one. Are you familiar with AIR?

finance.yahoo.com

They're not terribly debt-laden, but I like the fact that their stock has a price history that includes a trip down near $3 in the last recession, and they appear to be strongly correlated to the overall U.S. economy, given the big stock declines in 1990 and 2000-2:

finance.yahoo.com

And yes, I found them on the 52-week lows list.

EDIT: My order was filled, so I've got a starter short.

`BC