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Message: Re: Dec 6 picks

Dec 06, 2007 05:46PM

Dec 06, 2007 05:58PM

 welcome differing opinions, and I don't think I will buy Citi, but I find it tempting.  Technically, I think if it climbs to $38, it is the right time to buy as it would overcome it's rally resistance.  Look at all the volume over the month of November.  The sellers have cleared the monkey off their backs, the buyers (must be a few big mutual funds in there) have their shares in the low to mid $30's, and are looking for it to regain much of it's price.  They are not likely to sell if it dropped a buck or gained 2.  If the volume wasn't so huge, I would say there is more losses likely to come.  The big volume of the drop makes it safer I think.

The way I see Apple is it is within it's channel, acting normally.  After the correction, it has gained back it's price, sitting right at it's high, and any move from here is a new high = buy.  Earnings over the last 3 qrtrs are increasing over 5% per qrtr, which is ok.  I think RIM is interesting. It is at a good support level right now, 20% off it's high.  buying now might get you the 20% to challenge the old high (set twice in Nov) and if it breaks through, you have a profit already to give good confidence to add.  I fit doesn't, you could sell for a gain of over 10%.  This is much like when I bought GRMN, but RIM has run up more.  The pe of 60 isn't out of line, as EPS is up over 50% from 4 qrtrs ago.  4 flat qrtrs like the last gives it a pe of 50 and continued growth like this pretty much halves that.  Makes me wanna put it on my Dec 7th buy list!  Oh, if it fell below 94 bucks, I would sell!


Dec 07, 2007 03:23PM
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