Greenie,
You may well be right. I don't have enough information or confidence now, based on what the various charts look like, to generate a conviction right here, right now. When I look at charts for BZH and TOL I see them as expensive, high-enders, nothing I'd invest in, but I don't see them reversing. I guess I'm confident that it will become apparent in time for me to make some money off them. If not, that's okay, I'll try to make money elsewhere
(Btw, sold my two slices of WLL at 55.15 and 55.19, nice to make a profit as a takeover arb, pulling in 14.3% and 24% returns on about 3 weeks' capital risk.)
Has anyone else noted how low the VIX and the put/call ratio are? Danger, Will Robinson, danger.
Kb |
