MG, Pumpkin pie is great for breakfast!
Nice pull on both the AAPL calls and AA! Alas, my phleet positions are still underwater, and, like the Russian sub, need deep sea divers to get to them. However, I'm patient to a fault and will hold my WCOM and DELL until the cows come home.
Fortunately, the big money may have stopped screwing with the Market and maybe this funk will end. At least the SnP broke that nasty down trend line, and, while a retest is probably in the cards, up is looking better from my perspective. TM has been in a funk lately (for no good reason) but hopefully will get him to post again soon. In any case, I think he committed his big pot at the close.
AS to the Q, I would play the upper pivot point at $80. Looks like the nasty down trend channel on the weekly is a fork with $63 at the bottom, $97 at the top, and $80 in the middle. Still just too many stocks like CSCO with a growth rate of 29% and a PE of ~130. Never have been able to see how that investment math works.
TB |
