Part II of "Where can I find a pair of cojones of steel?":
stockcharts.com[h,a]daclyiay[pc13!d20,2!f][vc60][iut!Lh5,3!Lg5,2]&pref=G
BBY, after announcing poor earnings, drops below 19. I asked anyone here if it was worth a short term play, and received good advice to leave well enough alone. Remember, I said GOOD ADVICE. It was good, and I agree that catching a falling knife is an art best avoided.
Still....a short term play would've netted me 4 bucks and a slightly longer hold would have seen about 8.
Still looking for those cojones.
Along these lines, IBM may be worth a bounce play. Still, the same "falling knife" rules apply. And I lack the cojones, as we all know (thanks to the person who linked to the fake pet ones...I'm considering them, though they are plastic).
There was a time (probably still true now) when buying IBM under 100 was a "sure thing". You just needed to have an open mind. |
