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I know what you mean Abe. I had it once before your large cup. Never came back into it unfortunately. Yesterday I was in the dentist chair and it was looking me square in the eye. Of course I thought,,,, boy that's one that I didn't handle correctly.
Abe...know how you feel...look at CFX that I rode out but you got a better upside that I have right now...& thx for the Intraday trade tip too.
I love that each of the 6 biggest daily blue bars in the past 7 weeks occurs higher and higher. Today's low volume test of the 20 day also seems positive. It did not run 20% from the pivot point in less than 3 weeks, but the run up off the 50 day was 28% in 3weeks. That kind of quickness, I like.
Truly, a thing of beauty! The last 3 qtrs sales & EPS are just stair-steppin'--what's your plan now? Do you exit and re-enter after 2nd stage base or hold and add at next valid buy point?
Even with all the Sales growth, EPS growth, reset base count, twin towers of weekly volume heading higher, leadership in the first two months of the market turning higher, and a pocket pivot launch from the 10 dma, 20% & seven weeks from the December flat base was all this rally could muster.
Just like Bill says on page 258 of HTMMIS.
Real confusing time and sometimes real difficult to get it right. For those new, this may help. Same thing, different year.
Question Abe ... from a newbie still learning ... in Chapter 1 of HTMMIS, most of the charts (Burroughs Adding Machines-1926 & onward) have, on the LEFT side of the chart, a log scale "Price = 20*EPS" ... I understand its correlation with the graph BUT can you tell me what the SIGNIFICANCE OF THE SMALL ARROW THATS LOCATED ON THE SAME LOG SCALE ? ... it appears to be at different levels/numbers on different stock charts ... Thanks for any help!
Great question. I am pretty sure it refers to the point on the chart when the price was at 20 x eps. For example, Burroughs hit 20 x eps the first week of December 1928. The eps were 2.10 and the price was 42
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