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Ship Finance International Limited Message Board

  • marklibera marklibera Feb 22, 2013 10:33 AM Flag

    OT: RNF crushed

    This is why you don't chase stocks whose charts go parabolic. I am not sure that looking at technicals would have stopped anyone from trying to buy this falling knife, but the stock clearly was overbought two different times. Note that it is still not oversold despite this latest decline and now it is at risk of falling out of its channel. Although I don't know how to correctly read the MACD lines, it appears that the black line was still turning down as the stock continued to fall. At some point, this will become too oversold and due for a bounce, but the bounce will likely be slow, so in the meantime I would wait until there is a final washout and the RSI gets extremely oversold (

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    • Board members...fertilizer prices tend to follow corn prices and corn prices have been falling...the fact is, that farmers rotate their crops and will plant about 'the same amount of acreage in corn' regardless of the price (wall street does not understand this)...! $tagg...!

    • Mark
      the stock was down graded today--but the chart sure does smell very bad!!!!!
      Cut and paste:
      Rentech Nitrogen Partners Cut to Sell From Buy by Dahlman Rose RNF
      3 hours 32 minutes ago - Dow Jones News
      Now I was real ready to pull the trigger to day and get 500 shares--yeks Now I gotta rethink that thought
      I may just buy more shares of EPD, with a lower divi, but still has a low price today as of today....
      Thoughts are appreciated.
      Max the Sarge

 
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