I believe the chart speaks for itself... See a couple of posts below in order to get a quick grasp of the stock...
Default Risk For Financials Shoots Up
2 years ago
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"It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!" by Jesse Livermore
"I see the younger generation hampered by the need to understand and rationalize why something should go up or down. Usually, by the time that becomes self-evident, the move is already over." by Paul T. Jones
About Me
- Jonathan Guillou
- 27
2004-2007 : Student-Athlete (Track - Long Distance Events) - Nashville, TN (USA)
2007-2008 : Brokerage Firm - New York, NY (USA)
2008-2009 : Investment Bank - Paris (France)
2009-2010 : Master in Private Wealth Management - Paris (France)
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If Gold Goes Below 1600, I Will Buy More9 hours ago
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Learning To Live With Volatility9 hours ago
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Greece in a typical ABC pattern14 hours ago
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Trading Notes #141 month ago
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SKI : Ski Trip !2 days ago
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Saw that too, glad to have bought some stocks at 3.55 I didn't saw any special news that acted as a catalyser. Any idea ? Only technical bounce ?
ReplyDeleteI just think the fundamentals of that stock are good.
ReplyDeleteIt's a cash cow. In a period of uncertainty, I guess people rather go into stocks that gives some visibility in terms of earnings. Here you have some cash getting in on a regular basis...
And technically speaking, this stock was in a huge range for the past 4 years. A few months ago, it got out of that range on nice volumes... I just waited for that stock to (re)test that former resistance that is now a support. and... it worked.
We're now in the same boat... welcome aboard.