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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?


To: BUE, R.C. who wrote (9296)12/11/1997 1:11:00 PM
From: WTMHouston  Read Replies (1) | Respond to of 13456
 
Don't know much about BBY, but it is a shame that there is no
mechanism to just short the PE...

Just a quick glance though FWIW...
There have been many significant earnings estimate increases
the last 7 and 30 days and the brokerage reports are generally
upbeat although one downgraded for the near term to market perform
because of the large runup - they saw the top end at 40...
May be worth a shot since it is probably due for a correction,
but given that it is up today with the overall market tanking
makes it very risky, IMO...the proverbial fast moving train...

Troy



To: BUE, R.C. who wrote (9296)12/11/1997 5:12:00 PM
From: Wayners  Read Replies (1) | Respond to of 13456
 
***OFF TOPIC BEST BUT (BBY)*** My advice is don't try to pick the top. Shorting now would be trying to fight the trend. Way too risky in my opinion. Wait for the moving average that is proper for your time horizon to turn down. Then short the hell out of it on every overbought point/peak from there on out. Right now BBY is the type of stock you buy on temporarily oversold dips, period. Good luck.