Re: [amibroker] OT:Re: Technical Vs technofundumental trading

["Anthony Faragasso" <ajf1111@xxxxxxxx>]

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@x...>
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








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