Re: Bought CD
- From: "Awaken21" <lukecarlos@xxxxxxxxx>
- Date: 13 Dec 2005 15:10:21 -0800
:) Let those profits run!
-Luke
A Break Out Trader's Notebook - Real Time charts
Detailed coverage of Markets - Sectors - Stocks - and ETFs
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1182672
Jerry wrote:
> Luke,
>
> As always, thanks for your thoughts. Hey, I'm on a roll with it - it's
> already up a dime over what I paid!! :-)
>
> --
> Jerry
>
>
> "Awaken21" <lukecarlos@xxxxxxxxx> wrote in message
> news:1134497801.597101.119770@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> > MO:
> > Your instincts on the sector are good, the sector is...lackluster. Your
> > timing is also good, this stock is in a bottoming area.
> > The problem is, about 80% of the territory for this stock is in the
> > distribution zone (Between/Under the Zero lines on the MACD and PPO).
> > Probably this condition is sector wide, although I haven't checked. In
> > this case, the price action is confirming, this stock spends most of
> > it's time trying to find new bottoms. I've found that to be one of
> > stronger signs of weakness that a stock or index can display.
> >
> > I've seen other picks in your posts that have far more bulls in their
> > corner.
> >
> > -Luke
> > A Break Out Trader's Notebook - Real Time charts
> > Detailed coverage of Markets - Sectors - Stocks - and ETFs
> > http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1182672
> >
> >
> > Jerry wrote:
> >> It's down over 10% due to a minor earnings warning. It's not my favorite
> >> sector. However, they are breaking it up into 3 companies next year. I
> >> think the parts are greater than the whole. Therefore, it's a bottom
> >> fish
> >> play for long term.
> >>
> >> --
> >> Jerry
> >
.
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