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I think you are missing somethiing interesting. Here are the Nasaq
top volume traders for Friday and the NYSE top volume traders for Friday.
Check the PEs on some of these. So no matter what the PE, earnings
or visiblity, they will trade, they will have volatility and they will
all provide profit potential. One of two things will happen.
either they will come down in price and reduce their PE ratios or there
will be a suprixe in earnings that will produce the same thing. In
the mean time the point is to trade the volatility, not have a opinion
upon direction and do what your system tells you to do. have a good
week end. Ira.
Gary Funck wrote:
Inspired by a Jubak column on MSN,
where he tried to (rather belatedly) identify the 10 most overvalued tech.
stocks, I used Yahoo's stock screener (http://screen.yahoo.com/stocks.html)
and see what it came up with for the most expensive stocks.
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