Not a Bear Post
#1
Posted 03 March 2007 - 05:49 PM
#2
Posted 03 March 2007 - 06:00 PM
USB is on my shopping list for stocks to reenter long at some point..the price level has not yet been backtested.. where it was trading prior to the announcement of the dividend increase making it the highest div yield payers of US banks
http://stockcharts.c...allery.html?usb
the div news in Dec and some USB charts at the time -
http://forums.techni...post?id=1573724
$34 to 34.75 is the first horizontal zone to watch for long entry...just one of them, and you can see on the chart the top of that range was already bought on Tuesday's market selloff
Edited by hiker, 03 March 2007 - 06:06 PM.
#3
Posted 03 March 2007 - 06:12 PM
speaking of Buffett...he put some of his cash to work in USB..and he is risk adverse in his investment selections...
USB is on my shopping list for stocks to reenter long at some point..the price level has not yet been backtested.. where it was trading prior to the announcement of the dividend increase making it the highest div yield payers of US banks
http://stockcharts.c...allery.html?usb
the div news in Dec and some USB charts at the time -
http://forums.techni...post?id=1573724
$34 to 34.75 is the first horizontal zone to watch for long entry...just one of them, and you can see on the chart the top of that range was already bought on Tuesday's market selloff
Yeah, I heard he has something like $40 to $60 billion sitting in cash or cash like instruments. Phenomenal !
#4
Posted 03 March 2007 - 06:20 PM
money doubled -
000's omitted
$5k initial trading account
10k
20
40
80
160
320
640
1,200,000...so 5k becomes $1M after 8 doubles (CCJ or the uranium juniors easily helped accomplish this in last 3-6 years)
2,400
4,800
9,600
19.200,000
38,400
76,800
153,600
307,200
614,000
1,228,00 a $billion is achieved with 18 doubles within a tax deferred trading account such as an IRA or other retirement plan
Edited by hiker, 03 March 2007 - 06:26 PM.
#5
Posted 03 March 2007 - 06:53 PM
If DECK has been sold at $68 recently...the $5k initial purchase would now be 18,800 assuming the trade was bought at $18 above the spike bottom and sold near last week's high
http://stockcharts.c...llery.html?deck
anyone remember CYD and TASR and NFLX and RIMM and GOOG NDAQ CME ICE when they were trending hard? 2002-2006
there is a reason some stock trends get more attention than others..especially when trading within a tax deferred account
I could give you a list of the 2006 trenders, but I posted that list here for about 3 years without much interest...so am now sending it out nightly by email to my friends.
Edited by hiker, 03 March 2007 - 06:44 PM.