AI
| Followers | 148 |
| Posts | 34814 |
| Boards Moderated | 3 |
| Alias Born | 06/16/2004 |
Sunday, September 18, 2005 2:44:51 AM
***ABS... my take, get rid of it first thing this week/I'd even go as far as calling this stock a SHORT-sell above $26.03 if it acts correctly...
On the 3-year weekly, you can see how it's bucked up against big-time resistance... fundamentally the company has north of 6 and a half billion of total debt, I don't believe that fares well in a rising interest rate environment!...
Especially a sell if you caught it in the low 21's... congrats... you made north of 20% on a multi-billion cap company on the NYSE... it's time to take a think about pulling the chips back in!...
That's my thoughts on it... all taken in stride of course, what do you think?
My conclusion: ABS will get cheaper from here at least in the short-term if not the intermediate-term...
On the 3-year weekly, you can see how it's bucked up against big-time resistance... fundamentally the company has north of 6 and a half billion of total debt, I don't believe that fares well in a rising interest rate environment!...
Especially a sell if you caught it in the low 21's... congrats... you made north of 20% on a multi-billion cap company on the NYSE... it's time to take a think about pulling the chips back in!...
That's my thoughts on it... all taken in stride of course, what do you think?
My conclusion: ABS will get cheaper from here at least in the short-term if not the intermediate-term...
HI-HO SILVER !!!
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
