Humble1 and Swing Trading Friends | Stock Discussion Forums

To: humble1 who wrote (7864)	4/24/2012 10:46:10 AM
From: Fintas	of 10477

Bell curve rolled a bit lower to 56.2 so that down from the 57.7. However, 47 still beckons. So rallies can happen re spx and an equity. But until that bell curves gets closer to the 50 I don't see the bottom re this sell off yet. On an aside this is a good time to buy equities that have underlying strong RS in X's and are just seeing some profit taking. Those will be the ones where the money will flow back into quickly. The next group will be those equities that have been beaten i.e been in RS 0's for a long time/washed out and ready to turn up. GE is one ex. When it turns UP in that RS mid twenties will be seen. To get a sense of the environment we are now in. I fielded a call yesterday with a question re NUS DIVIDEND. Now keep in mind the stocks bottom was 8. I took it at 14. It's gone to 61.I mentioned it here a couple of years ago. NOW a friend who didn't buy it at 14 or 24 or 30 is asking about dividend return? Me tinks it's a sign of things to come where many will be chasing divis regardless if a stock is ready to roll over. YIKES. HMMM 1.4% divi and a possible 10-20% down. Makes sense to me? NOT. What makes sense is buying it at 14 and getting that UPSIDE appreciation. Which I STILL see in GE over time. IMHO

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