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Strategies & Market Trends : Contrarian Investing
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To: pcyhuang who wrote (436)10/5/2006 7:15:46 PM
From: MACD X   of 4080
 
PCYHUANG, I AM WITH RTS ON THIS ONE.

I feel stock chart investing alone would be far better than investing with fundamentals of a company.

The chart reflects the fundamentals.

But putting both together is the best way.

The reason I posted the chart of BXS is that YOU indentified it as a beaten down value play, [contrarian play] and I agree.

The chart I posted is a technical analysis possibility of a likely bottom. The chart to me suggest it could possible go lower. It may bottom here, who knows, but what we do know is the possibility that I gave on the chart is a sound possibility from a technical stand point.

Now well see what the market thinks and thats really all that matters. Personelly Ill have a buy order in at 10.50 gtc and hope for a long tail down.

stockcharts.com
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