I really find your shared thoughts and depth of knowledge very, very helpful.
I have a few questions I am hoping you can share some light on. I should tell you I am a novice at stock trading, consider myself (as a generalization) a trader rather than an investor.
I purchased several books authored by MATTEW R. KRATTER, and my questions mainly are a result of the big ? mark he left hanging over my head.
According to him, I should never purchase a P/E of less than 10; why?
Also, along that line, AMD (the numbers aren’t right, I am just using numbers close to what I remember seeing on my ETRADE account) of 2/356; the stock is falling, and I am trying to make sense of what the P/E numbers mean in this case. I mention AMD because I am trying to find a company that would play an integral part of the 5G and IofT as the world changes. If not AMD (because of the obvious need for microchips,) what type of company would play an essential role in the coming revolution of everyday life?
TECH ANALYSIS: MOMENTUM STOCKS
I like the concept (as I understand it anyway.) He made the statement that one should look for a stock with a 40 day moving average above the 200 day moving average, which would result in several all-time highs, buy the stock and sell it when it drops below the 200 day moving average. Does this make sense?
What tech analysis program would you recommend? I can’t afford something really expensive. I do have TC200 v. 19 installed, but the account is not active; I need a book to explain the different things I can do with the program as well as HOW.
Although I have no bias or real interest in marijuana stock, as a rookie, I am investing in a couple of stocks because I have real concerns about the U.S./China trade war, and what appears in print more and more is the end of the Bull market; I don’t think marijuana stocks would be impacted nearly as much other sectors or companies. Is this a rational approach?
I have already learned so much by following you and listening to the discussions of those that have real insight to add to the discussions.
You have an amazing grasp of the market; and are willing to share your deep well of knowledge.
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