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In looking at the Utilities, look at the yield, and the ability to pay the
dividend, rather then the PE. There are times when the PE ratio for
utilities is slanted by depreciation and other non cash deductions.
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: "Neal Hughes" <traderr@xxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, November 17, 2002 8:14 AM
Subject: [RT] High is in
> I have found it interesting this past few weeks reading the "High is
> in". Sooner or later one of us is going to be right and be able to
> say "I told you so"
>
> I just did a Screen on Dow Jones Utilities with a PE between 5 and 15
> for Naked Put selling purposes. I was surprised at the number that
> came up.
>
> I also did a similar but more elaborate screen for the S%P 500 from
> which I picked up quite a few successful Naked Put sales.
>
> I present that as some evidence that there is value out there.
>
> I am neither a Bull or a Bear...and do not know whether the high is
> in or not...yet. The good thing is that everyone is focused on
> trading.
>
> John
>
>
>
> ------------------ Reply Separator --------------------
> Originally From: Neal Hughes <traderr@xxxxxxxxxxxxx>
> Subject: Re: [RT] High is in
> Date: 11/17/2002 07:26am
>
>
>
> Are you pointing at the high of 11/06 or the last bar 11/5 ?
>
> Also, is this in reference to the last point shown at the top
> of this chart?
>
> Thanks,
> -Neal.
>
>
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