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Re: John Bates post# 1487

Saturday, 03/19/2005 2:30:01 PM

Saturday, March 19, 2005 2:30:01 PM

Post# of 33753
niles, I use the point and figure charting and price objectives as just another tool to narrow down the field of possible investments. A lot of the people here do not like P & F, Len seems to be to biggest opponent of P & F. However, it has been my experience that if you have a stock that has a P & F price objectine of at least 100% above the existing price, your odds of getting at least some appreciation on that stock are better than if you buy a stock that has a price objective that has already been met or worse yet, one that has a price objective of zero like CXTI. That has been my observation and when I have stated this before I always get a chorus of Booooos.

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