« MA - keeping perspective
Fundamentals mean nothing sometimes »

MA Chart update

No doubt MA is in a negative trend, and a PEG higher than 1.38 (the previous low-end trading PEG range) should not be expected.  Fundamentals have nothing to do with it, its all about investor/trader’s psychology. The attitude is to be more cautious, with multiple contraction.  Within its chart the negative attitude is obvious.

ma

MA is oversold, and if it hits 250 (which equates to a PEG of 1.34, as per Yahoo Finance), I will close out the calls.

This entry was posted on Sunday, August 3rd, 2008 at 9:39 pm and is filed under stocks, trades. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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