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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (1637)	3/11/1998 2:59:00 PM
From: bobster	Read Replies (1) \| Respond to of 34811

Hi Gottfried, What would you want to see TR do on a P&F chart before you would buy it? If you thought company "X" was sound from a FA point of view but was 10-15% overpriced, and then the P&F stuff indicated it was a screaming Buy, what would you do? I'm struggling with how to deal with expensive stocks, 'cause they keep going up anyway. Most of those stocks that I define as "overpriced" never come back to me, they just go up, up, and away. And you are right, I should have kept my mouth shut about the "good stuff." Oh well, live and learn. BTW, I like ESV. A lot. Keep an eye on DO and RIG also. Chance that there will be a good buying opportunity at next earnings time. The most expensive stocks in the whole group but they should be. bobster