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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (4334)10/26/1998 2:29:00 PM
From: Olu Emuleomo  Respond to of 7247
 
I find the psychology of investors interesting. The love affair with Dell, Yahoo, etc....why do
people want high priced stocks????? The P/E's....WOW, the shares out...WOW..WOW!!

What can I say? I bought DELL this morning, as soon as it crossed $60. It has overcome resistance at $60. I say we see a New high in about one week.
The trend is my friend!

--Olu E.



To: Cheeky Kid who wrote (4334)10/26/1998 2:40:00 PM
From: Bald Eagle  Read Replies (1) | Respond to of 7247
 
<<>>>>>I am guessing that you buy HIGH P/E ratio stocks and SHORT the low P/E stocks... <<<<<<<

No, I don't, but I bet allot of people do.>>

I wish I had shorted a very low P/E stock instead of buying it. APM had a P/E of less than 8. I bought at 35, it is now about 5! Sometimes, there is a very good reason to short low P/E stocks.


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