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Strategies & Market Trends : Value Investing
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To: George8 who wrote (33901)3/20/2009 5:12:55 PM
From: E_K_S  Read Replies (1) of 78743
 
It looks like BDN will test the lows which occurred in the December 1992 cycle. Both the BDNpC and BDNpD held up but there was very little volume. The stock traded lower today with twice the normal volume probably based on the company's news yesterday of their intention to cut their common dividend payout (with the possibility of adding a stock dividend).

For a real ride, you could pick up some of the common shares on a lower low where there is low volume. For those who did that in December of 1992 and sold in December 1997 were rewarded with a 16 bagger.

EKS
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