Hi Connor. sorry to take so long I was out all morning...hmmm these analyst comments on BEAS are confusing today...
The Bear Stearns says "attractive" with a 56 price target is TOTALLY absurb. If the target is 56, how can it be attractive here? ROFLMAO at these idiots.
And Morgan Stanley coverage now, that's interesting. Where have they been all along, only interested now? But there outperform rating is good, I think they use this instead of "buy", and it's their 2nd highest rating I think.
I would buy it right here, on short term support with a stop, but am wary of the volatility that may be coming due to options expirations tomorrow. If you buy it now, you may get whacked, smacked and beaten up <g>
If the nas dips, 62 is pretty good short term support lately. Frankly it's acting funny, positive money flow is excellent - high in fact, volume is a little light, and something is holding it down.
Most likely it's the Bear Stearns in house trading group shorting it on every pop to get it to there eventual target of 56, to avoid looking like complete idiots. The positive money flow level and the price weakness do not jive...
Whoops pos money flow now about 1/2 what it was when I looked a few minutes ago. Guess these dudes are shorting the hell out of it here....
I'd wait and see. Maybe put one of those dream price orders in?
EDIT: now trapped between 2 20EMAs, on different time frames. Could be one of those classic T traps happening here if it does not break through. If so, it will go on sale! |
