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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (21824)	7/31/2005 1:55:22 AM
From: tsigprofit	Read Replies (1) \| Respond to of 78661

Without being too argumentative, I think you are plain wrong on Technical Analysis (charts) Charts show where prices have been, with volume, and how moves get overextended on the upside and downside. Yes - I use chart filters and fundamentals - and don't understand how anyone could make money if they don't do this. With C - you're assuming the US banking industry business is healthy. I'd say we are in a major debt/real-estate bubble like the US has not seen in the last century. Don't you think that major US banks will be impacted if consumers can't pay when rates rise? Isn't that a huge investment risk? Maybe that's why the stock is going down. And - if their business changes - is the dividend of any bank "safe". Want an example of how I made money with "charts"? Take a look at a chart for SYNX. I bought in the low 1.30-1.60 area and sold last week for 5.60. I made over 300% on that one - most of the move last week. So sometimes charts do work my friend :-) Take care, tsigprofit

To: Spekulatius who wrote (21824)	7/31/2005 2:09:07 AM
From: tsigprofit	Respond to of 78661

C going down to 32...Just my guess, as I said, based on the charts I look at. This could change, but it looks very weak to me now. Regarding the 32 price - it was there in March 2003 - just 2 1/2 years ago - I don't think that makes it that unlikely - do you? Regarding a PE of 8 then at 32 - well, it might not be 8 if the earnings sour. It might be 20. Who knows in 6-12 months? Again, this are just my opinions and speculations on C. I was looking to buy myself for the good dividend etc., but will wait for now. I wouldn't be surprised to see 30-35 on it - 32 is just my educated guess in the next 9-18 months...take care...t >> How could C go down to 32$? This would be a PE of 8 and a 5.5% dividend yield. If my fundamental guess that C's business is healthy that is not likely to happen.