AI
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| Alias Born | 06/16/2004 |
Tuesday, January 27, 2009 10:48:39 PM
***AZO - Check out the bear flag that's developed on this one the past few weeks, it's getting tighter. This company has a book value of 1.04 as of their last report, that could be even lower now as it's been in decline the past 2 quarters. It's trading at 133.88 due to earnings, a trailing P/E of 13.01 may look attractive, but once those earnings stop coming in, watch out below.
Using loan money to buy back stock can only last so long to prop up earnings...
Many might see the 50 day MA moving over the 200 day MA (probably will happen tomorrow) as bullish, I think in this case it's going to create a bull-trap, and could be the precursor to the next sharp drop>>>
Using loan money to buy back stock can only last so long to prop up earnings...
Many might see the 50 day MA moving over the 200 day MA (probably will happen tomorrow) as bullish, I think in this case it's going to create a bull-trap, and could be the precursor to the next sharp drop>>>
HI-HO SILVER !!!
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