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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (12682)2/24/1998 5:48:00 PM
From: Carolyn S.  Read Replies (2) of 79279
 
Doug - From my T Watch - NYSE:TRU

TRU (which I've listed repeatedly as a nice uptrend every week) pulled back sharply today, after spiking up last week on news of their quarterly distribution being raised to $0.46 per "unit" versus $0.35 the previous quarter.

I noticed the drop just before the close today and bought a little.

It looks to me like it may have done an IL/ACT thing. But I might not be plotting it right.

If Sergio or an other FA person is around, I'd also like a quick FA read on TRU. I don't get it. It seems to have a PE of 4.5 and a yield of 20-25%. What am I missing ?

Carolyn S.
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