Another BLUECHIP in intensive care. To make a long story short, I am not aware of any beer can financing programme that they are involved in so under $5 this seems to me to be a bargain .
Month: March 2009
BLD March 5 (by special request)
I do not particularly like penny stocks, but then this is not yet a penny stock. I understand that there is a “house†that specializes in these things recommending the stock, with a target at around $3. Well what I did not like about this thing is that I never understood how you put a 10 ton machine in a car (bus maybe), nor do I see how it solves the energy problem as you are simple transferring the “burningâ€to another spot. Anyway what is clear is that if there is a time to buy, there has never been a better one, from $210 t0 $1.20 is quite a move. Nevertheless it may pay to wait for $0.90. The triangle in the upper section measures about 70 cents, so if e ended at $1.50 that suggests 80cents so that would be $0.70. You would not want to miss it after waiting 10 years so you go 10 cents higher. Good luck.
CSB March 4, wrong so far but may still work
This one is not working. The original idea that we had had 5 up may still fit and if so we could get the C up soon, short term the result would be about the same, longer term there is a big difference.
STOXX S&P 50 largest European index, March 4
The STOXX made a high of nearly 4600 so the “boxâ€should be in the 2300- 1760 range and presently it is at 1864. The RSI is below 30% and there are valid wave counts that can be made to suggest a complete sequence is done. I do not particularly like the last leg, but I do like the two different channels that can be used and indicate that if a new low were to occur it would probable not be outside the 100 point range that separate us from a perfect Fibo 61.8 %. All of this suggest that the EWN might be a buy in the next few days if not immediately. The upside is considerable, about 1000 points or roughly 50%.