The price-earnings ratio represents the popularity of stocks in the market. If the company's value is undervalued and its P/E ratio is low, it can actively participate in the market.
There is no absolute high and low position in the stock market. Even if the main position is relatively high, it should be called low position. Similarly, even if the relative position of the stock price is low, but the main position has not exhausted all its chips, then such a "low position" will become a "high position" Therefore, the stock price should be dialectical. If the main force of a stock has just finished a market, it is reasonable to say that this stock should be a high-priced stock and there is no need to intervene. However, if there is a new main force in this position, then this stock will become a low-priced stock.
High position and low position are relative concepts. Technically, individual stocks continue to rise, and when they encounter high pressure on the platform, they can be said to be at a high level. If it is low, it is a continuous decline, falling below a new stage low, but the amount of further decline can be extremely slowed down. You can call it a low level. Therefore, whether the stock price is high or low must be treated dialectically from many aspects.
Risk disclosure: This information does not constitute any investment advice. Investors should not use this information to replace their independent judgment, or make decisions only based on this information. If they operate by themselves, please pay attention to position control and risk control.