AI
Tuesday, October 16, 2007 12:11:16 AM
Gabriel: WYE
The "some sort of support around the 20ma" is no support! It's crossed back and forth over that level in the past 6 months quite a few times. Very unreliable.
I have a question. Are you looking for a quick-hit or a trending profit maker? Because historically, WYE is a "trading range" stock. This is a 3 year chart. WYE's been about $20 higher in THREE YEARS!!
My point is that predicting a trading range for WYE isn't hard to do. If you enter a position hoping to see a short-term move to 50ish, you might get your wish. But I believe that's a best-case scenario.
And it pains me to say this because I'm ALREADY long on WYE.
The "some sort of support around the 20ma" is no support! It's crossed back and forth over that level in the past 6 months quite a few times. Very unreliable.
I have a question. Are you looking for a quick-hit or a trending profit maker? Because historically, WYE is a "trading range" stock. This is a 3 year chart. WYE's been about $20 higher in THREE YEARS!!
My point is that predicting a trading range for WYE isn't hard to do. If you enter a position hoping to see a short-term move to 50ish, you might get your wish. But I believe that's a best-case scenario.
And it pains me to say this because I'm ALREADY long on WYE.
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