I agree that PE doesn't matter when a stock has momentum. MAGS currently has none. Therefore PE is currently important. When the momentum and volume picks up, its time to be long. Right now its time to be short.
Use stops and there is nothing to fear.
Emotions are tough to fight when it comes to investing. You should consider stops.
By the way, I am a trader, and have been long MAGS probably about 25 times. But the momo is gone for now, so short is the way to play.
What is your average cost, and what is your threshold for pain (exit plan).
lol, no not really, i sell whenever i feel i need to sell, and i gaurantee i will not wait till 5 to ever sell, but i also gaurentee that we will not see 5, and i believe you just made another horrible post, you dont even know me or my psychology, pleas dont try to play prophet and explain to me what i will and wont do.
Good reply LOL. But if I am wrong, my stop will save me from any pain. You, on the otherhand, will just hold, waiting for miracles, until the stock is at 5 again and you start inquiring as to how a stop works.
I don't think you understand. They haven't grown at all in years, so why do you think they are suddenly going to start growing by 60%?. If they couldn't grow at all in the last, say 4 years, which should have been the best 4 ever for a company in their business, why will they grow at 60% going forward?? Do you see the problem?