yes O'Neil is like that. How to Make Money in Stocks is his book. I bought in late Mar. Up almost 11% to date
What are your sources? From YAHOO Finance. For quarter ending Mar/16 R&D expense up 3.92% from Dec/15. For quarter ending Mar/16 net income up 22% from Dec/15
P/E is not a good decision maker. With all of the good news about this firm and its acquisitions, I would buy today. I already own 250 shares bought at 68. Get a subscription Investors Business Daily and pick up O'Neil's book How to Make money in Stocks.
So if you owned a company and its annual earnings were were increasing year over year and the same for the past thee quarters and the firm was coming out with a new product and improving on an old one and its P/E was 22 you would sell your firm