The Anti Value Play
During the course of my experience, I am beginning to find that it is just as possible to find overvalued stocks, as it is undervalued.
Of course shorts these potential losers.
Look for D/E, P/S and P/B each greater than five. These stocks must also have "Fantastic" runs with ridiculous P/Es or no earnings at all.
Harry Domash talks about some of these issues in his article on “Doomed Stocks”.
Here is the link: http://artic...kDoomed.aspx
It's not as hard as one assumes.