Don, glad to hear you are back in the game. About the only thing I am waiting on before buying more stock now is for the put to call ratio to give us a closing print over 1.0.
It does not look like it will get there again today. This means to me that we may yet have some more accelerated downside to wash out the weaker hands. It will also serve to get those who are still likely to short stocks at the bottom of the next short term bottom further involved so they can help fuel the next run up.
I have been there and done that.
I am thinking of taking a position in a couple of stocks that are in the group; MTSN and CMOS.
stockcharts.com[h,a]maclyyay[d19960101,20031207][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
stockcharts.com[h,a]maclyyay[d19960101,20031207][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
I like the charts of both these stocks. Especially the monthly charts as shown on the links above:
I would like your input? If anyone else would like to chime in I am all open to suggestions on other good buys from this most recent dip.
Thanks, RtS |
