You don't wish "best of luck" to anyone. As for your TA and "values", there are values all over the place???? WHERE?? CSCO, INTC, DELL and hundreds of others are still way over valued and do not fall into my classification of "value". WCOM. pe=12, AOL, after merger, pe of 27, and earnings before taxes etc... off the chart... Those are values. Value is not relative to most recent stock price loss.
It's not premature to identify a bottom. The stock has been crushed. I have never seen anything like it, on MINIMAL news. So do you "take an educated guess" or a "chance"? ABSOLUTELY. You have to be able to pull the trigger because unless the company has closed shop, this is free stock at this price.
TA is useless here. This stock broke hard on an earnings warning followed by unprecedented fear. The charts are useless because of market conditions and fear. I see support up at 30 and if one wants to use TA, wait for the snap back.
BTW, no one is celebrating anything. Just relieved to recognize a bottom when I see one. Show me some more tech values. I'm curious to know what you see as value.
Sabre! |
