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Registered User
Joined: 2/7/2006
Posts: 218
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bud looks to be making a constructive bottom...any thoughts? it seems it wants to break out of its current downtrend for a little while...
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Registered User
Joined: 3/7/2006
Posts: 244
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The beer? Sure, The stock, no way. Too many negative indicators and it's below the 200 day ma.
Did you look at a weekly? Pretty fugly. My bet it is turns down at, or before the 200 dma.
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 Gold Customer
Joined: 5/4/2005
Posts: 74
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Good stock for covered call
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Registered User
Joined: 12/8/2004
Posts: 1,301
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In this particular wave the stock should reach an absolute minimum of 44.35 to 44.80. Typically the stock should move up to 45.50 to 46.00. That is not much of an upside, but nevertheless it does still have an upside. Once it reaches that target area down she goes.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I bought a couple of hundred shares for my wife's roth account today at 42.97. I have done really well for her account so far this year so if I am wrong it will have little effect on her yearly return.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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good call. I bought another 200 shares yesterday when the price dropped.
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Registered User
Joined: 2/7/2006
Posts: 218
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now i dont really drink budweiser, though there are a few nebraskans that i play poker with that drink natty light...Alaskan beers are the best...midnight sun brewery...kodiak brown..nice candle on BUD today...
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Registered User
Joined: 12/31/2004
Posts: 382
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Thats was a great call nice move up
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Registered User
Joined: 12/8/2004
Posts: 1,301
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If you look at the high today it was 44.81. The minimum prediction was 44.35 to 44.80. I am really considering selling half of my position since the max in this wave is supposed to be 45.50 to 46.00, or at least put a trailing stop of about .50.
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Registered User
Joined: 2/7/2006
Posts: 218
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yea a candle like that usually gets a retracement over the next couple of days...though it is cheap compared to its peers...
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I swear, the last month has been a trading disaster for me. My stock accounts have gone down and my wife's account which I manage has gone up about 10% more than what I lost. It's like I am just transferring my money into her account. I am so much more conservative with her account. I guess I need to get a bit more conservative with my accounts.
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Registered User
Joined: 2/7/2006
Posts: 218
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well ive made some calls on this board that i have not been in....100% gains missed a few times...at least if it gets posted somebody else has a chance to look at and make a decision...the stocks i have bought lately make me 10% or i get out with a small loss...it would seem that i do better for other people than myself also....
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Registered User
Joined: 2/7/2006
Posts: 218
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well the beer bong may be empty after the dividend date tomorrow that Havenocents pointed out...might put in a constructive bottom i hope....
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Registered User
Joined: 2/7/2006
Posts: 218
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not much consolidation...just sideways trading...and im still out....Havenocents did you sell yet?
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Registered User
Joined: 12/8/2004
Posts: 1,301
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Yes, I sold on Friday for 45.63
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Registered User
Joined: 12/8/2004
Posts: 1,301
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If I would have held I could have received the dividend and been able to sell today at over 46.00, but my charts said it was unlikely to make it this high. Oh well, it still was a good profit on 400 shares.
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Registered User
Joined: 2/7/2006
Posts: 218
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here comes the pull back for an ice cold beer...
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Registered User
Joined: 2/7/2006
Posts: 218
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im really liking the way it looks now...
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