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AmSurg Corp. Message Board

  • pivotpointguy pivotpointguy Jan 4, 2001 9:46 PM Flag

    Just be careful

    Buttdoc, who on this board said the world was
    coming to an end ? I must have missed
    that.

    Opinions are just that, opinions. Say what you want, talk
    about all the great corporate news, the earnings, the
    expansion, etc. but you must never ignore what the stock
    price is doing.

    I'm not an insider, I'm not
    privy to inside company information - all I can do is
    watch the stock price and follow its lead.

    And
    when it starts falling like it has in the last 3 days,
    I don't ask why or how or when, I get out of the
    way !

    If you all own it at prices below $10,
    maybe you're alright. I however, did not buy it that
    low, therefore I must act accordingly.

    If it
    breaks $15, you could see $8 in a
    hurry.

    Hopefully, $15 will hold for those who still own it.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I'm sorry you sold out 5 days ago. I wonder if
      your technical analysis program would tell you to buy
      AMSGA back now. I think investors are starting to pay
      more attention to valuation and earnings growth. That
      is why there is no reason to sell AMSGA yet. The
      fundamentals and future growth prospects remain incredible.

      • 2 Replies to buttdoc
      • Doc, the only thing that caused me to sell was a
        simple 10% stop/loss rule that I have. There are times
        when I sell out and the stock turns around and goes
        back up, but there are also times when the stock
        continues to plummet, and the stop/loss saves me.

        I
        like the company and its prospects, but I've learned
        the hard way never to get so enamored with a company
        that it affects sound trading principles.

        Those
        who bought at its initial breakout down near $8 1/2 -
        $9 are fine in holding and giving it more room to
        correct. Those of us who bought off the 2nd base at $18
        were not so fortunate.

        When I rationalize why a
        stock I own is falling rapidly and continue to hold it,
        I usually regret it later.

        Say what you
        will, but this stock falling from a closing price of
        $24 3/8 to an intraday low of $14 1/8 (42% drop) in a
        matter of 4 days is not typically considered
        normal.

        I may be back in if the stock sets up properly and
        breaks out again. We'll see ...

        Best Regards

      • ... I'm not too sorry that he sold out ... I
        bought a stack more down at $16 and, as I'm so convinced
        by the fundamentals, I can hardly wait for the next
        pull-back to buy some more of this stock for long term

    • With 58 cents trailing earnings,
      20X PE =
      11.60,
      25X PE = 14.50
      30X PE = 17.40

      With the
      favorable coverage Amsg has received from Brokers, it
      shouldn't fall below 20X earnings. I would be surprised to
      see it go much below 25X times earnings unless
      something changes which would put in jeopardy a 25% growth
      rate for the next few years. Until I hear something
      like that, this appears to be a good hold right now.

 
AMSG
52.19-0.20(-0.38%)4:00 PMEDT

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