Sam, thanks for the MACD reading. Like I said before, buying in right below massive resistance worked like a charm last August. I'm talking about $19.50, not $29.50 of course. That was three days later and I was out by then. Tomorrow should be interesting. Personally, I hope the price waits around one more day for me. And I think if we do manage to break $30 this week, we will have a nice steady move upwards to test $40.
<<please don't put yourself to any trouble (translation: I'm a medium).>> Ian, LOL. I tell you, this stock stuff can get boring doing it day after day, if not for the fine humor and humanity on the message boards. I get some good laughs just about every day here and elsewhere.
<<Yes the dinosaur's tail was almost bit off before he knew his old 'big iron' had stopped selling and that the
small systems were eating him alive and then microchannel failed.>>
Bill, funny enough but it was the uptick in big iron that helped IBM turn around in the mid-nineties.
<<I think a lot of cash encourages foolish actions that act to consume the cash, happens with people too.>>
Agreed. I was having great performance this year and then let almost all of my ytd gains fritter away in March. So stupid, so typical. And as you'll see in Carlton's book, Apple was so determined to get up to a 55% profit margin that it let the franchise rot from within.
Marc |
