Originally Posted by RSS
If someone is investing, a P/E ratio has meaning. If someone is trading for quick profits, it means little.
My questions was why somebody who doesn't understand P/E was bothering with stocks in the first place. It's not one of those things that's very subjective. There's tons of literature out there on it, and how it relates to other fundamental measures.
Although I'm sure most of us don't work on Wall St., you can still buy stocks that are not penny stocks.
AFAIK with penny stocks you just buy and hope they go up instead of going broke right? So it's kind of like roulette? Or is it a matter of fundamental analysis + prayer?
Yeah though you really don't use P/E that much when your investing, there are so many ratios to be using other than P/E that give better information. Any how glad the market is up a bit, been buying the past two days.
Eh, it's quick and easy to look at, and if you're doing fundamental analysis, you might as well look at everything.
On a separate note, I'm looking at MO right now for depositing a chunk of long term cash in a month or two.
ISRG is still cramping the shit out of my style. It's nice to see it up, but I fucking hate sitting back and waiting for the loss.
Sold BIDU 145 Call for a nice profit just now. I'll probably hold off on the others until tomorrow if we have another green day. If we're down tomorrow I'll just hold and wait for the up next week.