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Stock Watch List for Wednesday, August 20th

19. August 2008• Stock watch listPhantasmix 2 comments

I’m trying out a new Flash-based chart. Click through to see it (this is out of courtesy – I know that some RSS readers hang for awhile if there’s a post with Flash).

Perfect short nominee:
(JCP: 21.41 0.00%), JC Penny. Support at $35, but my target is $33.50, a very recent gap. Dividend is low, this doesn’t even seem like a defensive play for the recession. I’m betting on near-term weakness. Channel bottom is actually around $27, but no need to get greedy.

View the JCP WikiChart on Wikinvest

Nice long candidate:
QID is doing great, though it’s coming up to a fairly significant resistance around $42. I plan to buy it at the open tomorrow.

Poll

I know you, my readers, are a lazy bunch when it comes to leaving comments, but please let me know what type of chart you prefer:

 


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2 comments:

  1. R, 20. August 2008, 11:53

    the both of them

     
  2. Phantasmix, 20. August 2008, 12:37

    Thanks for visiting, and voting :)

    I will do both types of charts. Each one has its own strengths, for sure.

     

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