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Nope, not exact. I agree with those views except that I dont use PS
(Price to Sales Ratio) and I do use Cash Flow and I'm very well aware
of Merck as I traded it. If you have a genuine objection to my post,
come out with it, don't try to grind your axe.
--- In amibroker@xxxxxxxxxxxxxxx, "Steve Dugas" <sjdugas@xxxx> wrote:
> Hi Anthony,
>
> I have seen Holygrailism mentioned several times now, and finally
decided to go have a look at it. Well, no luck finding it with 3
different search engines. Could you please provide the URL? Thanks
very much!
>
> Steve
> ----- Original Message -----
> From: Anthony Faragasso
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Monday, February 07, 2005 10:05 PM
> Subject: Re: [amibroker] OT:Re: Technical Vs technofundumental
trading
>
>
> Pal,
>
> Your exact reply was stated early on the Holygrailsm board at
4:37 pm by Drew....he must have plagiarized you. :)
>
> *********************************************
> Interesting...
>
> The real key (IMO) is the Cash Flow from operations (not one time
sale of an asset, or increase from pension income). I look for beat-
up companies that will survive. Cash flow is key. Oftentimes
companies go down ala Merck, to name a recent example, but have the
wherewithal to recover. This is event buying and it works nicely. In
the past I've picked up 10-15% buying on bad news.
>
> One must be extremely careful with the use of PS. Retailers,
insurance and supermarket chains typically have low PS values.
>
> Drew
> **************************************
> Anthony
> ----- Original Message -----
> From: Pal Anand
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Monday, February 07, 2005 6:32 PM
> Subject: [amibroker] OT:Re: Technical Vs technofundumental
trading
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "duke.jones"
<Duke.Jones@xxxx>
> wrote:
>
> > However, price action is always the ultimate ruler in exits
and
> risk management.
> >
>
> I agree with the above statement. The real key is the Cash
Flow from
> operations (not one time sale of an asset, or increase from
pension
> income). I use Cash Flow per Share. I look for beat-up, un-
loved
> companies which nobody wants, but that will survive in the not
so
> distant future. Often times companies go down like Merck, for
> example, but have the financial strength to recover. This is
buying
> the rumor and selling the fact.
>
> rgds, Pal
>
>
>
>
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
>
>
>
>
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>
>
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>
> Check group FAQ at:
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