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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: sandintoes who wrote (37000)6/22/2005 2:06:22 PM
From: Lazarus_Long  Read Replies (1) of 90947
 
You want me to reproduce ALL the text involved in this? With links so Dave can verify? I'll do it. I said at one point

"Cutting hrough the mathematical goobledegook (which I don't expect that cute little pointy blonde head to understand anyway :-), RSI gives a measure of where the current stock price is relative to the range over the last N days (N being a parameter entered by the user, usually 14 days). Conventional wisdom is over .7 (usually shown as 70 on charts) is overpriced and under .3 (shown as 30) is underpriced. IN FACT, using an upward crossing of 70 as a buy signal or a downward crossing 30 as a short sell signal tends to work better.

And using a single technical indicator is a good way to go broke fast. Or just using TA without looking at the broader picture of the company, the market as a whole, the economy, politics, international politics, ...."

and

"BTW, KKDs current financials don't look that terrible. Unless, of course, they're cooking the books."

and

"WTF inspired you to buy a company that fries gobs of dough in boiling oil at 30 times earnings, anyway?

Hold. It looks like it has more upside. I'd guess you might start getting nervous about 6 3/4. It should hit the 50-day sma about there. It's hitting the Bollinger band neutal midline now. Ir could go a bit over 6 3/4 on this run but remember "Bulls make money, bears make money, pigs get slaughtered." Oil is heading down, which should help."

You want more?
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