ali's stock radar

[Alibaba100]

FHN bank nyse , wait some days or so...
ust a few observations when I look at FHN, bad news first.

1. Bad - According to Yahoo Finance: No. of Brokers: 12

Mean Target: $16.33 Median Target: $15.50
High Target: $22.00 Low Target: $11.00

WOW! $11.00 for a low?

2. Bad - New 52 week low today, Friday, April 04, 2008 at $13.63. What is that? Three new lows this week?

3. Bad - Trend Line is still down. Every time the price gets back to the trend line there is a sell off. Traders are buying the dips and selling the rips.

4. Bad - VIX (Volatility Index) is back down to a 22.45 reading on the trend line which could signify a market selloff. There could be one more swoosh downward but that may be the turning point.

5. Bad – I am long FHN in the $14’s. Bought the dip. Now I’m a dipstick.

6. Good – The FED and the Treasury Dept. actions along with the Bear Stearns failure could signal some sort of bottom.

7. Good - The PUT / CALL Ratio is at 1.17 which suggests there is a lot of Bearishness in FHN which could be a good time to buy,

8. Good - The FHN Message Board is pretty gloomy, wouldn’t you say? Could be a good time to buy?

9. Good – It seems to me that Tuesdays and Wednesdays are usually up days. I don’t know if this is real or if I am just playing mind games with myself.

10. Good – A strong EURO, Canadian Dollar and Asian Currencies. These regional banks look like steals to me. If I were a foreigner, these are Fire Sale prices. I know a lot of folks think the bank is going to be bought.

11. I wish some one would start a thread that would let everybody give their best guess on what the FHN low will be this year starting 1/1/08 and ending 12/31/08. I’ll go first. $12.42. Who wants to keep the tally? You can name the thread: FHN Limbo-How low will it go?

GOOD LUCK TO ALL!
http://finance.yahoo.com/echarts?s=FHN#chart1:symbol=fhn;range=my;charttype=candlestick;crosshair=cross;logscale=on;source=undefined
It has chart support around $8.50 from 1995. No support where it is now. It is rally or else time.