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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (8777)2/26/2004 8:09:43 PM
From: russwinter  Respond to of 110194
 
Ok, an hour before dinner here in Ore--- gon, I've had my Guiness, on a roll, if anybody else wants in? How about this one? Two euphoria days in January, and a decent high vol sell off after their conference call (you can listen to it) in late Jan.
biz.yahoo.com
Volume and money flow have dried up since. Am watching the AD line, would like to see it dip below the 20MA? Might not be necessary as it's right at the middle of the band, and is another higer low plateau forming. Looks like a top and slow roll set-up?
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUf!Lc20]&pref=G

There's chatter is that they are bottlenecked on getting ordered furniture delivered from China (30% of production), customers POed perhaps?. It's higher end stuff, so in our great divide economy, their customers will stay strong as long as they can borrow against house (s?), cash in stock winnings. After that, party's over. Caveat, there is 6.4% short interest, so some squeeze potential.



To: mishedlo who wrote (8777)2/26/2004 8:19:33 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Same profile of euphoria peaks, and a rollover, and now touching the middle of the band on poor money flow and AD line. There are rich calls premium here, if you'd rather write naked instead of shorting:

stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUb14!Lc20]&pref=G