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Registered User
Joined: 12/28/2008
Posts: 26
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Wondering if anyone else thinks both these stocks may be a decent buy at the current price or maybe one is better than the the other
1, TSV rising and approaching 0
2, Using TDscan-both have walked across the Sahara desert
3, Both above 30 linear regression
4, Both showed some price strength mid Feb
5, T at lower BB20 and VZ at upper BB20?? Not sure what to make of this??
6, MS rising
Any thoughts??
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Registered User
Joined: 7/1/2008
Posts: 889
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they're at the lower end of their trading range, they pay a big dividend. You won't get hurt with these, but I also wouldn't expect a big trade.
I would rank this as a very consersative trade.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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On T, draw a trend line from 1/28 to 2/18, wait for price to break it without any serious deterioration of other signals (which is a bit redundant). VZ, a break above today's high would be a good conditional buy order. You're a great student Casita.
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Registered User
Joined: 12/28/2008
Posts: 26
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Thanks Ben and TD for your input.
Ben, I've read a bunch of your posts and have learned a lot from you. Yeah,not the most exciting stocks but the dividends are both 6%+ so I can make some money as I wait for a 10% or so profit.
Tobydad, I've learned from the best and thanks for the encouragement!!! I remember reading Worden notes a few months back with a roundtabler that showed his trendline method which he's had some success with. I've used it once before and it really seems to make some sense. Thanks for the help.
Steve
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Registered User
Joined: 12/28/2008
Posts: 26
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Bigblock, i have to agree with you to a point. Maybe these lines and indicators just make us feel better about a trade but don't really gives us an edge. Thanks for your reply.Steve
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Registered User
Joined: 4/10/2006
Posts: 954
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I like them both, I think you can buy the stock write a put (if it goes down buy some more) and be happy all the way around. -as long as the dividends aren't cut.
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