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For value investors, here is one you may like


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#1 A-ha

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Posted 16 January 2007 - 11:57 AM

My second largest short position from 16s I really want to short more right here but hell there are too many others yet to deflate out there. So I curb my appetite and will let it go below the book value... maybe I will cover a share or two there :lol: Ohh you may also wanna check AMD which I shorted over 27 in September... It must have a P/E of 1 by now ...

Edited by xD&Cox, 16 January 2007 - 11:57 AM.


#2 greenie

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Posted 16 January 2007 - 12:25 PM

P/E is the biggest trap - during the plunge, P falls faster than E in anticipation of sharply falling E. P/E looks very good. During rise from bottom, P rises fast, while E is still in the crapper, and the whole army of value-investors keep shouting that P/E is so high that the market is going to crash.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#3 pdx5

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    I want return OF my money more than return ON my money

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Posted 16 January 2007 - 05:41 PM

Absolute value of P/E ratio is not as important as its impending and perceived direction.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule