Mark Minervini Quotes

"History clearly shows that virtually every super performance stock was in a definite uptrend before experiencing its big advance. In fact, 99% of them traded above their 200-day moving average before their huge advance and 96% traded above their 50-day moving average."

"Buying stocks in long-term downtrends will significantly lower your odds of owning a big winner. If you want to increase the odds, you should focus on stocks that are in a confirmed uptrend."

"To succeed, an astute stock trader must make decision often on the basis of incomplete information."

"Leave the overintellectualizing and complex theories to the professors and academicians and the valuation tactics to the Wall Street analysts."

"The bigger point is that the P/E ratio doesn't have much predictive value for finding elite super performance stocks."

"Trying to buy oversold conditions and sell overbought conditions as a trading strategy is risky business. Disregard for a strong directional trend will ultimately lead to buying into a precipitous decline."

"The market is a discounting mechanism that trades on the future, not the past. Just as you can't drive a car by looking only in the rear-view mirror, you shouldn't run a stock portfolio on backward referencing valuation metrics."

"If tomorrow the price of a stock you own fell 25 percent from your purchase price, would you feel better knowing that the P/E had fallen below its industry average though? Of course not."

"Concluding that stock is overvalued because it sells for 65 times earnings is like saying that a van Gogh painting selling at auction for $49 million is overvalued because the paint and canvas cost only 40 bucks. The painting sells on the basis of its perceived valued."

"Value doesn't move stock prices; people do by playing buy orders."

"Stock prices move on the basis of what people think. Ultimately, it's perception that motivates investors and creates price movement."

"If analyzing balance sheets were the Holy Grail for stock investing, accountants would be the world's greatest traders."

"Regardless of one's opinion, the market always has the last word."

"How high or low the price is relative to where it was previously is not the determining factor in whether a stock will go higher still."

"The really exciting, fast-growing companies with big potential are not going to be found in the bargain bin. You don't find top-notch merchandise at the dollar store." $QQQ $FFTY $IPO

"Historical analyses of outperforming stocks suggests that by themselves P/E ratios rank among one of the most useless statistics on Wall Street."

"Most investors look for bargains instead of looking for leaders, and more often than not they get what they pay for."

"The standard P/E ratio reflects historical results and does not take into account the most important element for stock price appreciation: the future."

"In the stock market, what appears to be cheap could actually be expensive and what looks expensive or too high may turn out to be the next super performance stock."

"A trader who really knows the strengths and weaknesses of his or her own strategy can do significantly better than someone who knows only a little about a superior strategy."