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Joe Stocks

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Joe Stocks

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Re: Bob Zumbrunnen post# 5005

Monday, 04/29/2002 10:36:48 PM

Monday, April 29, 2002 10:36:48 PM

Post# of 25232
ILA- Bob, Im more a F/A guy than a T/A guy but I would have to say your chart is broken and we are now in to un"chart"ered territory.

http://stockcharts.com/def/servlet/SC.web?c=ILA,uu[l,a]daclyyay[dd][pc20!c50][vc60][iLb14!La12,26,9]...

Today's action was brutal. Also,It's not like the chart wasn't trying to tell you something like this would happen. The stock has been trending lower for awhile now. That said, the ILA has some interesting fundamental aspects to it. Wonder how secure that 7% div is? The Moody's action seems to me to be overdone but in this market action like this tends to linger. IMO the chart doesn't do much good here.

Joe

Joe

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