bigcharts.com
believe it or not, that's a link to a chart that i use sometimes.
have a look.
it's kind of a mixed picture, Yaacov.
i think first and foremost we have to see KO break out.
by that i mean it needs to set new highs above the old one set last
June around 72. it needs to bypass 72 and not look back, then we could
probably say it's starting a new run toward 80, and another split.
but from here, it doesn't look very convincing...
earnings estimates have come down from 38 cents to 36 cents, and those
are both down over last year's Q1 40 cents.
if they miss...forget about it.
Zacks has it as a hold.
it is trading above its ten day moving average, as you can see, and
the bollinger bands seem to be tightening (sign that the stock wants
to break out)
but it doesn't appear that we'll have any firm confirmation until it
moves above 72 and stays there.
the Q1 numbers will tell all.
i sold KO last summer when it peaked, and bought Disney last fall
when the Baptists were all over it. i've been accumulating it since.
this is one that i have great confidence in, and feel sure that it
will split 4-1 later this year, probably around 140.
KO is a solid stock, and i certainly would not sell it if you've owned
it for long. talking about, and learning about the stock was a great
experience for me on this thread last year.
but my investment style has changed some.
i hold Dell now, like you guys hold KO. forever.
Disney, GE and CSCO make up the rest of what i don't sell.
i try to keep liquid with deep in the money Microsoft options and Leaps. pretty simple stuff.
but i've gotten to like simplicity, in this market.
it helps with sometimes having to be nimble.
best to you,
...and good investing. |
