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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (4039)	1/20/2005 12:46:07 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

I am still mystified by RSTG. Volume has come down some, but remains very very strong. The stock is one of the few out there that seems oblivious to the general market. I think the last two candles have established a new support level. Don't know if it will hold, but it seems that RSTG is determined to maintain its strong uptrend. If it ever corrects back to that 20 ema, that would represent a golden buying opportunity. By the way, don't know if you saw this or not, but EBAY was down about 12% in afterhours after missing earnings and guiding downwards, and all the internets are down in sympathy. I thought tomorrow might be a bounce day, but after that, and the other bad earnings news out there.... Now the index futures are trading significantly down. Crude oil is also trading down a bit, and appears to be correcting in an orderly fashion as we anticipated. I'd say we are in for a gap down at the open, but I also think a bit of a relief rally later in the session is in order. It is starting to look like the anticipated short-term uptrend might not materialize, and that instead we will just proceed with the medium-term correction. Volume patterns look improved for the long term, and suggest even more that the long-term uptrend is fully intact. T T

To: Vendit™ who wrote (4039)	1/20/2005 5:15:01 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Oil futures seem determined to proceed in orderly fashion. Look at the pullback over the last 3 sessions: futuresource.com Looks to me like support at $46 represents a likely reversal point. Alternatively, oil could consolidate at $46 or just above for a while. Once the uptrend resumes, that will not help the stock indices of course, but will tend to play right into the hands of the medium term correction that we both anticipate will continue. The dollar has been been showing distinct signs of life for a change.... seems to have found a bottom: futuresource.com T

To: Vendit™ who wrote (4039)	1/20/2005 5:24:24 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Here's an idea that's a bit different. I got to thinking about this because long positions will be tough for a while. PCU has low volatility (beta = 0.64), and appears to be in a trading range on chart support: 139.142.147.218 Weekly chart: 139.142.147.218 Here's the nice part. The dividend yield is 7.3%. finance.yahoo.com Not bad.... with that kind of risk profile and a very high yield, PCU might be a nice longer term investment, assuming chart support holds. Here's another. FBC has a beta of -0.21 and a dividend yield of 4.8%. Now it is near the lower limits of a trading channel extending back almost 2 years: 139.142.147.218 T