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To: TheSlowLane who wrote (13889)6/11/2008 12:19:04 PM
From: shakes  Respond to of 29622
 
Exactly.

In my experience Contrary Investor does not tend to hyperbole..

(unlike others like Jim Willie, Bill Murphy et al who may be correct in the long term but overstate in the short term)

.. so when Contrary Investor uses this kind of language, I pay attention:

"..and the BKX breaks this level (66-60) to the downside, it would be possibly one of the most bearish indicators we could think of. We're not there yet, so we watch."

I'm holding my significant position in SKF as insurance.

regards,
Shakes



To: TheSlowLane who wrote (13889)6/11/2008 2:56:14 PM
From: NOW  Read Replies (1) | Respond to of 29622
 
looks like a buy in here with stops



To: TheSlowLane who wrote (13889)6/11/2008 3:07:36 PM
From: benwood  Respond to of 29622
 
That chart looks like the one on this page, which ended badly I might add (after point 28):

sandspring.com