Backed up the truck on RIO this morning.
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SID not doing bad either.
stockcharts.com[h,a]daclyiay[pb10!c20!b50!b200!d20,2!i!f][vc60][iut!uh14,3!la5,17,9!la12,26,9!ll14][j33502527,y]&listNum=1
Bought some IBM on an earnings play. The dollar FX change vs. the Euro was nearly 9% for the quarter alone. Earnings release are 1-18-05. The estimate is $1.75 per share. Based on the updated earnings revision dates on IBES I do not believe the analysts forecasted the ending exchange rates for the quarter correctly since there was plenty of devaluation in the last couple of weeks of December. JMVHO. |