Replies to post #12431 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

The UAL chart looks awful. Unless it can take out the 13-day EMA with volume, there's nothing but carnage there in the stock price:

http://stockcharts.com/def/servlet/SC.web?c=ual,uu[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f]...

The other charts are pretty oversold, but I find that often times companies that are going bankrupt are oversold. WCOM comes to mind, for example.

Book value means nothing in liquidation or Chapter 11. 75% of the holders short usually means the shorts are right and anyone buying long is wrong.

Slots offer much better odds than buying UAL stock.