Q: Under the title of "Company (price; ticker)" -- Is the price listed the BUY price or the price the stock was when the table was made? If it is the price when the table was made, which I think it is, do you have a BUY PRICE like some other papers?
A: Dear Subscriber,
When you see a reference to a stock price, either in the text or in a table, it almost always refers to the price at the time of publication. We don't use target prices; a stock is either a Buy or it is not. We'll never tell you to buy XYZ when it dips to $10 or sell when it reaches $20. When we no longer believe a stock represents a good investment, we'll downgrade it in the newsletter, or on our biweekly hotlines.
Thanks for your interest,
Bob Sweet, CFA
Managing Editor, Dow Theory Forecasts
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