RIO is definetely a stock to put on the radar screen to play the turn in the CRB. We have a bottom and weakness should be used to accumulate stocks as the potential is worst case up to 16/7 even 20 is possible. We might drop back to 10 so its a matter of not rushing as the CRB need another week as we have a SEQ 12 week currently. As we will see another dip for the markets in general the odds are around for cheaper prices. The rule is buy weakness or use the high volatility to sell puts so you pick up some premium on the buy side.
Wednesday, December 10, 2008
RIO tech outlook - red alert for longs to buy with caution
RIO is definetely a stock to put on the radar screen to play the turn in the CRB. We have a bottom and weakness should be used to accumulate stocks as the potential is worst case up to 16/7 even 20 is possible. We might drop back to 10 so its a matter of not rushing as the CRB need another week as we have a SEQ 12 week currently. As we will see another dip for the markets in general the odds are around for cheaper prices. The rule is buy weakness or use the high volatility to sell puts so you pick up some premium on the buy side.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment