Regarding stocks at their 52-week high

getme2MN said: "Does anyone have any wisdom to share about stocks at or upwardly approaching their 52-wk high? It just has a feeling to me like a stock in this situation is in a way headed into uncharted territory or something. Am I worried about nothing or is that a factor to take into consideration? Several energy stocks are in this situation (for ex. APA, APC, CHK, XTO, XOM). Is the main reason they're going up is because oil is going up. As soon as oil peaks or falls, do these stocks also? If oil keeps going up and nothing changes with the fundamentals of the company, should the stock price keep rising also? A sidenote question--is it normal for energy stocks to trade at such low multiples? APC at 8.47, BP at 10.69, COP at 11.57, XOM at 12.70?"

EatMyShorts said: "It is almost never wise to short a stock that is trending upward, such as a stock that hits its 52-week high. At the same time, it is often best to wait for a 10% correction in that stock before entering. You just never know when a step will give, so you might as well wait for it to give before you make your move. It is normal for commodity stocks to have a low p/e and f p/e."

Harry said: "[QUOTE=getme2MN;68117]Does anyone have any wisdom to share about stocks at or upwardly approaching their 52-wk high? It just has a feeling to me like a stock in this situation is in a way headed into uncharted territory or something. Am I worried about nothing or is that a factor to take into consideration? Several energy stocks are in this situation (for ex. APA, APC, CHK, XTO, XOM). Is the main reason they're going up is because oil is going up. As soon as oil peaks or falls, do these stocks also? If oil keeps going up and nothing changes with the fundamentals of the company, should the stock price keep rising also? A sidenote question--is it normal for energy stocks to trade at such low multiples? APC at 8.47, BP at 10.69, COP at 11.57, XOM at 12.70?[/QUOTE] I believe the dollar will get stronger and oil will peak and fall, thus creating a good entry or reentry point for the stocks you mentioned. Those stocks are toppy. If ya don't want to wait their are other bargains out there."

Heather said: "Wrigley is up on the news that Mars and Warren Buffet are going to acquire them."