gummy BEARS: edible ... maybe

Here's an interesting chart:

We look at the 52-week Hi and Low for each stock on the DOW and determine where the current stock price is (here it's on May 10), within this range. For example, AT&T (symbol = T) was 2.2% above the 52-week Low, within the 52-week range. It's Price/Earnings ratio is 19.1 so we stick a point at (2.2%, 19.1) for T ... and do this for all DOW stocks.

Now, if we were Bottom Fishers or Value Investors, looking for a blue chip stock which has a low Price/Earnings ratio and is near its 52-week low (I guess that's bottom fishing), we'd gaze at the chart ... and covet those stocks nearest the origin, eh? Like mebbe:

EK    = Eastman Kodak
T     = AT & T
DD    = Dupont
CAT   = Caterpillar
PG    = Proctor & Gamble
IP    = International Paper
and, would you believe
MSFT  = Microsoft Corp

Y'all heard of Dogs o' the DOW?

Now, for Bottom Fishers, I present ...

the DOW gummy BEARS:
EK    = Eastman Kodak
T     = AT & T

Here's another interesting chart, for the TSE 35 (as of May 11, 2000):

Hence (ignoring BCE which done split in two):

the TSE gummy BEARS:
PDG    = Placer Dome
CTRa   = Canadian Tire

Need some Hi Techs (suggested by codee):

Hence:

some HiTech gummy BEARS:
WCOM   = WorldCom
MOT    = Motorola







Keep yer eye on 'em ...

Wanna play? Try this spreadsheet: gummy-bears.xls

We'd jest luv to see our gummy BEARS recover from a price near their 52-week low
without significant increase in P/E ratio; that means a move horizontally, on the chart:

After a few months, how do things look? Compare:

 

What? Move horizontally?
You might think that, if the price goes up, both x- and y-coordinates will go up, but EK did it, eh?
Now we gotta wait for T to make its move.

Here's something interesting: if we replace GM with Ford, on the DOW, we get

Year 2000

Hmmm ...

Then, more recently ...