KB, that "combustible combination of endless, heavy gloom" is smouldering on with the bearish camp. They may be right but I think it is essential to have a completely open mind at times like this.
I have an accounting type question on something completely unrelated.
I bought TYC on its run up last week and sold just before it reached its 9 ema where it turned back, as expected. It did a decent Fib retracement and is now looking pretty favourable for a new rise, to the top of its gap around $25.
stockcharts.com[e,a]daclyyay[dc][pb50!d20,2!b200!h.02,.20!c200!c20!c9!c13!i!f][vc60][iut!Ue12,26,21!Ub13!Ud80!Lo13!Ll20!Lp20,9,5!Lah12,26,9!Lf!Lc20]&pref=G
Unfortunately, I can't get around the fundamentals and this morning I finally figured out what was bothering me. I understand TYC wasn't able to get the price they were hoping for in the past couple of weeks for the divisions they wanted to spin off. In other words, the sum of the parts might not be greater than the whole after all. Does that not mean the company is running a real risk of needing to write down some of that massive goodwill they have parked in the balance sheet?
moneycentral.msn.com
pvz |
