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And she's buying a stairway to heaven


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BBY

 

This was one of my saved charts in Stockcharts.com.

I played the bounce intra-day back in December when it had that HUGE gap down.

 

I haven't updated this chart since. Look how 'random' these trendlines and resistance held the bounce. This thing got a long way down if the 200dma don't hold.

 

 

Interesting chart. It had the breakout and the fake out and is below a cluster of resistance lines including the 50 MA. Will be interesting to see how it does when it meets the 200-day MA. Hopefully this POS has just finished a simple abc correction and will commence in a 3rd wave down to an untimely death, but that is yet to be seen.

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Love this collage of headlines from the "experts" reporting on AA....no one knows what the foulke happened...

 

 

 

* Alcoa sees 18 pct jump in revenue to end year - AP

* Alcoa Q4 Revs Top Ests; Turns Cash Flow Positive; EPS Light - at Barrons.com

* Alcoa Kicks Off Q4 With a Miss - at Seeking Alpha

* Alcoa Posts Narrower Losses The Wall Street Journal Online(Mon 4:57pm)

* Alcoa revenues slid; net loss shrinksAP(Mon 4:57pm)

* Dow Gains Ahead of Earningsat The Wall Street Journal Online(Mon 4:54pm)

* Alcoa Misses Profit Forecasts TheStreet.com(Mon 4:51pm)

* Alcoa Finishes 4Q 2009 Strong; Free Cash Flow Positive, Revenues Up 18%

Business Wire (Mon 4:18pm)

 

 

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Non-Current Mortgages Hit Record High 13.2%: LPS

 

http://www.dsnews.com/articles/non-current...-lps-2010-01-11

 

It's hard to be patient shorting this POS but we are in deep sheet when the resets start hitting again in the next 6 to 12 months,,,,,

 

Cramits bottom smells bad...I'd say the time to start hunting for RE is mid to late next year....

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government employees taking over.

 

Sorry if I posted this one before.

 

Jobs growth they are gonna pump will be the 1 million plus census workers that will fall off the rolls....our country is an economic train wreck...we make nothing...we buy toxic sheet from Chiner....and gamble....maybe we can "imagine" our way to job growth,,,,

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Former Sen. Rudy Boschwitz has had to close the building supply/furniture business he founded 46 years ago. He said that the recession has lasted longer than they thought it would (I think he said something like "longer than a normal recession") and they couldn't keep it going any longer. Another 150 jobs lost, spread over 4 states where they had stores.

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