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Beazer Homes USA Inc. Message Board

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  • kamikazieee kamikazieee Nov 12, 2002 4:32 PM Flag

    Stop the insanity!

    My point was:

    If a doji occurs after a long-lived advance, it probably represents a turning point (albeit unconfirmed til next day).
    If a doji occurs after a short advance, it probably represents a pause for refreshment.

    Yesterday's doji, coming after only two days of decline, was more likely a pause than a turn.

    I brought that up because it seemed like a fellow short covered on the basis of the doji forming. Had the stock been down 5 days in a roww, I would have expected a strong day or two. But coming so soon in the decline, I thought it would only represent a pause.

    Tomorrow's action? Much like todays, proably a little sharper. Unfortunatley, I'll miss the opening, but I'm holding for 51~ anyway, so I don't care if we get a little intraday rally.

    BTW: The 51 seems more and more likely, doesn't it? I have a much lower target for the stock, but I do expect a bounce off the recent low, so will proably play it.

    SHORTY SEZ: Tomorrow the stock might not go up, but the PE ratio won't either.
    Looking forward to our PE ratio update.

    BTW: whoever it was that dragged me back from the HI board, thanks for reminding me of my duties here. I did short 2k more upon my re-arrival, so I owe you one.

 
BZH
7.20-0.17(-2.31%)May 23 4:02 PMEDT