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[Unexpected] On-Line Take Stock has moving BUY price values
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A few weeks back I noticed that SJM had a BUY price of about $66 and a current price of about $54.
SJM announced good earnings, and I observed the BUY price as being $70 (current price of $58). The buy price having moved up against the current price.
Inspecting the SSG data and on-line Take Stock review did not seem to show any update of the last quarter data.
Am I correctly seeing that the BUY price is being moved up soley by the movement in current price?
If so, is it rarely occuring situation where a stock is predicited to have insignificant downside against the current price?
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Answer found: When the price method produces a lower price than the "prefered(?)" method, then it is possible that BUY price can rise along with a rise in current price.
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Maybe I found the wrong answer in my first review.
Is the Take Stock online back page for SJM somehow "locked" into using the current price as the LOW price?
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Rank: Advanced Member
Posts: 271
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Hey Neil:
You asked: >
Yes: Take Stock’s Low Price will always be identical to the current price for any stock, not just for SJM, whenever the Yield Supported Low Price is greater than the Forecast Low Price (Low PE x Low EPS).
This is a feature of Take Stock’s design and is set forth towards the bottom on the back page of Take Stock's Technomental Worksheet.
I have criticized this feature as well as its related design when the Low Price is allowed to exceed the current price. To me, a Low Price that is not “Low” is wacky. See my 12-6-08 post at:
http://www.stockcentral.com/community/tabid/143/forumid/11/tpage/1/view/topic/postid/6679/Default.aspx#6694
I admire your perseverance to ask three times for an answer. It is discouraging that no one from Stock Central cared to respond.
Armin Fields
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[Unexpected] On-Line Take Stock has moving BUY price values
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