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[QUOTE]Originally posted by $tock Weazel: [QB] [QUOTE]Originally posted by Machiavelli: [qb] [QUOTE]Originally posted by $tock Weazel: [qb] Hey Mach! What do you think of DY? I might buy some tomorrow for a swing trade! Insider buying! -$w [/qb][/QUOTE]Me personally I wouldn't buy it... way in what i call "negative" territory... which is below the RSI 50... when it's in that area it has a uphill battle .... you'd be better off looking for a better stock... it's pretty much hit rock bottom though it can go down further still... but like i said it has a uphill battle... stocks in "positive" territory which is above RSI 50 are much better to own imo... also another reason not to buy this one is how the Moving Averages are lined up... they are all in a downtrend themselves.. this stock might go up temporarily tomorrow but i still wouldn't buy it and especially not on a Friday when people take profits or cut their losses for the week... another side note is that the industry index for this stock is in a downtrend as well.. if the industry (Telecom equipment) is down usually the majority of stocks in the same industry are down and makes it also a uphill for this stock to overcome... so my recommendation is not to buy but that's up to you... do your own DD.... [/qb][/QUOTE]Thanks for the TA tips! Really appreciate it. What are a few stock you are looking at short/long? I was thinking GOOG might be a nice short...IMO. Thanks! [/QB][/QUOTE]
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