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Walgreen Co. Message Board

  • med_investor med_investor Aug 29, 2012 2:18 PM Flag

    Waiting for low prices, much lower

    It may drop a litte bit more or it may drop like a rock from sky and it may burn everything we got.

    So, I wait for better prices.

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    • Gap has to be filled one way or anther.
      $32 may be but $33 for sure.

    • sure looks like a "cup-handle" formation, to me (but other crack analysts say it's a double top, with a 33.30-32.80 target.)

      Not that I'm a prisoner to 'charts", but it is interesting...check out the late 2010 cup-handle pattern...the handle took 2 months (of sideways action)...then shot up, from $34 to $44 (and well, the ESRX / Boots stuff whacked it back down)...

      ....So, here we are, going sideways, for the most part (for a month)...I'd say we have a month to go on this "handle"...with a $34 "possible low", IMO >>>...Then resume higher, IMO...maybe $40+

      (I've got some large buy orders in at $34 / 33.50 / 33.... ON AUTOPILOT...Be my guest)

 
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