we break below the exponential 50 day moving average and program selling begins.........then margin calls.......say goodbye to your money and remember:It's Darwin's theory, not mine.Let's see, the last two times Avid broke above $20, it was in single digits with 4 weeks...FACT.It's deja vu all over again.
Sugarr, I must admit i am a litle concerned about my $19.99 stop...but I am still hangin in there so far today. intra-day low thus far was 20.35, ouch. We will see what happens.iman
Yes and one time was AFTER the worst earnings annoucement in Avids history and the other was AFTER 9/11. See a trend here sugarr? it takes bad news to drive a stock down that badly...and all the news is good. Deals, earnings, etc.Do you realize that JPM has essentially said that Avid is worth 21+ by "downgrading to "hold" ? That is about $15 more than you claim it is worth...who should we believe you or JPM? what news drove this minor dip? 2 downgrades from buy to hold. If you think that is enough to put Avid into single digits then I have given you more credit than your worth. Case of beer to you if my stop kicks in at $19.99. But it wont.