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Originally Posted by dcarlson53
Being new perhaps someone can give me a little direction so I can see if I'm following this new found information in the right way. I have four companies I have been watching one of them being Walgreen's which is selling for 44.00 and the MOS I come up with is 22.00 What I was wondering is according to the three tools Phil mentions in his book, if the price was right it still would not be time to buy, if I'm reading them right. The second company is FLIR Flir Systems they make infrared cameras MOS of 20.00 selling for 42.00 right now but if the price was low enough it would be a good time to buy according to the tools thanks for the help
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I believe - Despite the price being on the MOS the tools may be indicating the stock is expected to continue heading south so in order not to lose money by buying in on the way down you should wait for the next set of greens to buy in on the way up and ride it on the upward direction.