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Message
re: Buy and hold
Posted on 4/2/10 at 2:54 pm to RedStickBR
Posted on 4/2/10 at 2:54 pm to RedStickBR
Doesn't actually matter man, it's not moving right now anyway
Posted on 4/2/10 at 3:42 pm to FunkyTiger
Here are the links to the charts. I went ahead and posted them to ihub so that you can view them live in the coming days. A couple things:
1. I had to go way back on RDN to find resistance, so in order for the chart not to appear too crowded, I used a monthly chart. By virtue of that, plays based off of that chart should be based w/ a longer-term hold in mind (i.e. a month or so at least). RDN DID make a nice breakout last month but I DO think it is a bit toppy as it is somewhat oversold on the monthly chart, oversold on the weekly chart, and very oversold on the daily chart. It could make a nice run still, but be aware that a pull back could likely first be in order.
2. In my opinion, investors who are buying the big boards right now should keep in mind that even though the individual security you're interested in may look good, the market as a whole is (again, in my opinion) becoming toppy and is due for a pull back. Such an occurrence would likely have a detrimental effect on many of the big board stocks, which could include F and RDN. Because MSEH is listed only on the OTCBB, a downturn by the general market would probably have little effect on its price action, if any.
F
MSEH
RDN
Glad you find the charts useful.
1. I had to go way back on RDN to find resistance, so in order for the chart not to appear too crowded, I used a monthly chart. By virtue of that, plays based off of that chart should be based w/ a longer-term hold in mind (i.e. a month or so at least). RDN DID make a nice breakout last month but I DO think it is a bit toppy as it is somewhat oversold on the monthly chart, oversold on the weekly chart, and very oversold on the daily chart. It could make a nice run still, but be aware that a pull back could likely first be in order.
2. In my opinion, investors who are buying the big boards right now should keep in mind that even though the individual security you're interested in may look good, the market as a whole is (again, in my opinion) becoming toppy and is due for a pull back. Such an occurrence would likely have a detrimental effect on many of the big board stocks, which could include F and RDN. Because MSEH is listed only on the OTCBB, a downturn by the general market would probably have little effect on its price action, if any.
F
MSEH
RDN
Glad you find the charts useful.
This post was edited on 4/2/10 at 3:44 pm
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