Ken, we're interpreting the SAH chart differently while looking at the same criteria, probably due to your short term view as opposed to my longer term outlook. There isn't a trend reversal yet on SAH, but the price and short term moving avgs. have crossed over the 200 day M.A. Fundamentals for the stock and its sector are very good, except for the increasing interest rate environment. I see SAH hitting 13 in this quarter.
PETM you've called correctly a few times now. It's one of those stocks that you've got on a string.
Sticking with the same plays as last week. DPH, MXTR and ATMS.
I've noticed that posting on SI has greatly reduced over the last month, perhaps due to the market conditions. Who knows?
Reprinted from today's NY Times Magazine:
<Traders,,,now feel confident that they can ride out any storm which may develop. But more particularly, the repeated demonstrations which the market has given of its ability to come back with renewed strength after a sharp reaction has engendered a spirit of indifference to all the old time warnings. As to whether this attitude may not sometime itself become a danger signal, Wall Street is not agreed.> Originally appeared in The NY Times on Sept. 1, 1929
Link of the week goes out to Slojet:
www/3dstockcharts.com
Try the link during market hours.
Sergio |
