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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (21337)1/12/2002 11:57:08 AM
From: Zeev Hed  Respond to of 99280
 
The question was for "staple" defensive stocks, CPO is selling very close to book, and right now it is down from $37 to $27/8. RSI has dropped under 30%, a typical buy range, a lot of support just at $27. I would expect a good bounce to the mid $30 and not much downside risk from here. Stop loss should be just under yesterday's low.

Zeev


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