John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (9084)	3/17/2008 10:10:19 AM
From: nspolar	Read Replies (1) of 33421

JPM buys BSC for 2 dollars a share. A real steal or a lousy deal? My assumption that C hits near 12 dollars a share before it bottoms. An equivalent real deal for a private investor? Imo it is certainly possible. C waves are mean and C is in a Big C wave, a really big C wave. These waves are usually caused by some excessive fear mechanism (imo) that begets more fear until it ends. Hence they stay in a tight set of trendlines until over, then reverse and ramp up out of the hole. SKF cleared 150 this morning, C left a gap. Probably another surprise or two coming for the falling knife action, then it will be over. If C hits my target area I am going to buy a bunch of leaps.

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