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Glen Bradford » Comments » AKS

  • Overbought Stocks (7/21/09) [View article]
    $SLM Cheap. Glad to know that your definition of overbought has nothing to do with what the underlying value of the company being traded is actually worth.

    Example:
    Where I come from, the 50 day moving average of home purchase fluctuations doesn't imply overbought. If you have a home trading around $1M with minor fluctuations over the past 50 days and it's really worth $100K, I would say that it is overbought but you wouldn't even pick it up on your screen.
    Jul 25 14:48 pm |Rating: +2 0 |Link to Comment
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