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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (11269)	12/11/1997 7:41:00 AM
From: Elllk	Respond to of 94695

Carl Nice posts. Thanks. Larry

To: Bilow who wrote (11269)	12/11/1997 8:35:00 AM
From: Tommaso	Respond to of 94695

Comments? yes. It's time for you to write a book, which I will be happy to buy. How about, "The Wall Street Survival Kit." No, you can do better.

To: Bilow who wrote (11269)	12/11/1997 7:35:00 PM
From: Don S.Boller	Respond to of 94695

Carl: A most informative post...with lots of points to ponder!!! Let me just comment on your "Rules"...(1) Don't chase. I do just the opposite. As Will Rogers said, "If it don't go up - don't buy it". I tend to take trial positions in rising stocks but, if it don't go up - I don' t buy more...and maybe kick it out (I made a bad buy). (2) Usually agree - see prior. (3) Very strongly dis- agree. What I'm after is l.t. cap. gains - the bigger the better.. (4) What we really have is a different approach and what works for you - you should s tick with. "If you don't have confidence in your fly - you can't catrch a fish". Or so I tell my young son. Respectfully. Don

To: Bilow who wrote (11269)	12/13/1997 2:25:00 AM
From: jeff wheatley	Respond to of 94695

Hello Carl, Just a note to say that I'm pondering your suggestions on approaches to trading. There's alot of meat there. Up till now I've been tracking consensus earnings projections for about a year on the stocks I follow regularly and will soon look for correlations between stock price and PEG. For PEG I've focused primarily on trailing P/E with respect to estimated earnings for the forward 4Q deduced from projections two years out. There are several problems with the estimates involving timliness and, of course, reliability of future predictions which often go up and town like a yo-yo. Your suggestion of extrapolating historical growth, using sales and margins, and smoothed for anomalies, sounds like a more stable approach. My own interest has been primarily geared toward interpretation of chart movements, particularly oversold conditions, placed as well as I can within the context of changes in company fundamentals and transpirations in the wider markets. I like tech for the volatility and growth. And I see no purpose in riding a stock down. There's alot to consider in what you wrote. Let me chew on it awhile. Thanks for the effort..............jeff