Your take on stock prices
Hey, I know there's many metrics to figure out if a stock is a good buy, such as P/E, PEG, fundamentals.... but I can't figure out how the stock price in relation to it's 52wk high or low can help my decission. If a stock is very near it's 52wk high, is it good b/c it's growing or bad because it might not go up more, peak. Same with a stock near a 52 week low, is it bad b/c the company is crashing or is it good because it is relatively cheap and will make a comeback. What's your take on stock price related to it's 52wk range?
thanks
meaningless
It's a mild historical record. Thats all.
"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."
Quick, who said that?
according to google: Warren Buffett
http://beginnersinvest.about.com/cs/warrenbuffett/a/aawarrenquotes.htm
close, he's quoting someone else though
Graham
so price vs 52 week range = meaningless... thanks
Buffett was the first hit on google, so i didn't bother looking at the second hit, which is Benjamin Graham...
The Dean of them all. Without Graham, there'd be no Buffett, or munger, or ruane, or....
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