My new formula goes like this:
Divide the EPS by the Current price and make it a percentage. If the PEG as I am calling this thing is over 8%, it is time to buy. My last pick IVAC comes in at 15.7%
By the way, I am an Excel programmer during the day.
My formula is simple. Good chart. Insiders buying or at least not selling. Solid growth.
The day started off slowly. I noticed that my #1 performer, GIGM was not on my pick list. I'm up more than $4 in less than 3 weeks.
BHP is doing well. Anxious to see how the Falkland Islands venture plays out.