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Bob Evans Farms, Inc. Message Board

  • primemeridian primemeridian Dec 31, 2001 8:36 PM Flag

    year end technicals.....

    looks like a lot of the big players took some profits at the end of the day.....I suspect they already did their tax loss selling mid sept or so.....made some quick profits the last quarter and sold at the very end to lock in some gains to balance against (somewhat)their earlier losses........

    with the market being as contrary as it is, and being that the anal-ists are calling for a strong january effect, I suspect there may be some more selling pressure early on......(generally speaking)....(could be wrong, have been before.....and I don't really see any technical reason for a sell off, except as being contrary to the anal-ist's view)

    looking at bobe's trend, I see a rosy picture!....even if we get caught up in my suspected market sell off......

    the moving averages are all in their proper places......the 20 day is above the 50, the 50 day is above the 100 and the 100 is above the divergences......

    the share price has been trending along just above the 20 day moving average.......

    momentum, relative stregnth, accumulation are all trending upward......

    I wonder if "Mr. Market" is finally catching on???

    at any rate, I'm looking for a nice year ahead for bobe (and a couple other issues I've been patient with for the last couple years!)

    good luck, and wishing all a prosperous new year! (even Airhead and his faithful side kick, Lukewarm)

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56.37-0.92(-1.61%)Jan 30 4:00 PMEST

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