they are practically killing each other to get out!
I didn't think things would be this ugly today...
This looks like there was a limit down last night...
I guess some other people were turned off by the February 4th Q CC too.
I don't agree with respect to oil.
It may dip here and there...
BUT, if you believe that the world economy is booming and that China, India and other countries are booming and that they are consuming so much more oil than before... well, then you have a supply/demand issue that drove oil north of $50.
All is takes is ONE bad oil issue, like strikes in Nigeria or Venezuela to shoot oil up $3 a barrel over-night.
One nice big winter storm in the U.S. tends to shoot it up a buck! LOL!
Traders putting a big scare into auo longs trying to shake loose shares. The chart uptrend remains intact. Its highly likely we will take out the 200 mda just above $15. Institutional ivestors want to own auo!! Where have you been watching the bowl games? Guys were massed togather in front of big screen TV's enjoying the games. No doubt in my mind, every red blooded male will have a big screen!!! This is the future!!!
Many will want a large lcd screen at a low price. Some refuse to pay over $1,000 for a television, while many others refuse to pay over $500 for a television. Many people rushed to buy DVD players when they dropped to under $100.
You are right... it is the FUTURE.
The problem is AUO is NOT concentrating their efforts on the TV's and they apparently don't plan on doing so for at least a year considering their plans for the next G plants.
Again, I have steadfastly maintained that I believe AUO will be $20+ by next December.
Also, your claim about a shake out is pure silliness.
There wouldn't be anything but for 2409 bombing last night on pretty good volume.
If 2409 is down again tonight on good volume, that 12.50 retest is coming sooner than your $15!
i agree that auo will grow, i'm concerned about the timing of a move north, we may have already seen it, the markets are tired and need a rest soon...i don't like the comparison of every red-blooded male having a big screen---makes us sound like a bunch of simple minded