Hi John, re:<<Be that as it may, excepting the trading aspect of TKLC I've still got, and will continue to hold, this equity as its fundamentals and the industry segment it represents are sound in my view.
So longer term I feel just fine about this equity. And that's the operative statement at this point. Longer term.>>
I'm in complete agreement with your analysis. I haven't seen anything about Tklc's fundamentals, nor the industry segment, that would represent a change in the fundamentals.
I too believe that the CPI report was the straw that took the market down on Friday. I understand that margin calls were a major factor in "feeding" the slide. I sure would like to know what affect margin calls played in dragging Tklc down. The stock sure took a beating. I looked at the stock's price chart and see that it has hit a resistance level at 26 to 27. If this level doesn't hold, we are going down to the 17 dollar level. By the way, I'm not a strong believer in TA, but do think its a useful tool.
By the way, charts for the Nas, Dow and S&P don't look very good...in fact, they are horrible.
I suspect the markets on Monday will open down. There are probably many margin call going out this weekend. Plus, many investors will decide over this weekend that the market isn't for them. I hope the markets gain their footing during the day, and rally towards the close. Maybe this is wishful thinking on my part. Oh well, we shall soon see how all this plays out.
Have a good weekend...and, good luck to us all.
Stock Bull |
