High Heeled Traders

Predicted a downtrend a couple of days ago and here it is! Yesterday’s fall was just spectacular my bargainista friends must sure be excited. But hold on to your wallets, it is getting cheap, but could be cheaper! Checked Apple’s PE and it’s standing at 16.62 around the same as Microsoft at 16.73. At this stage in the market, with the quarter just about to end even with US GDP being reported tomorrow we have to consider that there’s about 2 weeks days to go before the Earnings pour in, so expect volatility and it looks like we got a lot more trip down the slides. Apple’s PE was around 13 when they reported their Earnings last quarter so my short and sweet tip for today is that there’s going to be bargains galore but it hasn’t hit the floor…. Wait up for the next quarter earnings to roll in (Around Apr 8) for the first major company Alcoa … before you really go shopping for the bargains. For those who want to get the brainwork that leads to my market predictions, join my webinars and workshops, email at charmel@highheeledtraders.com or keep posted in this blog!

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Comments are closed.

Previous Post