GREY:CLLZF - Post by User
Comment by
d_rr_whalenon May 27, 2008 2:25am
367 Views
Post# 15112820
RE: Where does the pullback stop?
RE: Where does the pullback stop?50 % of stock price moves are sector specific, i would not base all my decisions on P/E, What P/E does is allows to better compare other companies within the same sector to the company you own or are thinking of owning, and what people are willing to pay for those earnings. High P/E means certain things, good or bad, lower P/E says certain things good or bad, you need to learn what it is saying to you.
Of coarse you always look at future earnings, use google /yahoo finance or you can buy reports on S&P website for about 15$, after all, this is what the market places bets on future earniongs, if at any point it looks like those earnings are not met, dump, because you will take a hit.
There is more to my answer which i will reveil tomorrow ; for now, I want to see what type of asnswers other people give you.
Its all good, information is knowledge, I myself don't rely to much on charts because i think human emotion is powerful and can not be plotted, but that does't mean i dismiss the data.