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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Dave H who wrote (8970)12/8/1997 9:07:00 AM
From: Steve Smith  Read Replies (1) | Respond to of 79479
 
Dave,

RADAF historically has always traded at a PE = 25 the day before earnings. Therefore, RADAF should be valued at 19 1/2 on 12/16 (reports on 12/17) by my calculations. I've backtested the price and PE, and the correlation has been so far always on the mark.

I realize that TA is important, but sometimes TA can't foresee FA.

steve