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Friday, December 14, 2007
ETF Watch
I was unable to get into RIO the past two days, but right now it's down in pre-market trading, so hopefully this downward trend continues into the open. Depending on how much further it drops, I may try and get into around $31.00 and change or lower. The telecom is still looking good, so may shift my focus from individual international telecom plays and pick up an ETF, which will hold some of the companies I like.
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2 comments:
Justin,
I'm looking at a daily chart of RIO, do you see a possible head and shoulders forming? Perhaps if it breaks it's neckline below 30ish... maybe it could head lower. What do you think?
AJ.
AJ...I definitely see what you are saying and can't disagree with you. I was looking more at a reverse head and shoulders with the shoulders around 32 and head down in the 30 area. Just my opinion. Of course, I have never ever been wrong when it comes to stocks (yeah right!).
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