March 24, 2008
Full Disclosure:
We have recommended BSC as a strong buy at $3 last Monday. Our membership
base should have a cost basis between $3 and $11. This report provides an
upside target for BSC, and further analysis of JPM. Scroll down.
The stocks in today's report:
JP Morgan Chase (JPM) JPM
tested a level of longer term resistance last week and
if that resistance level holds the stock is likely to
decline measurably. Longer term parameter #3 as
offered in our report represents longer term resistance
and it should be considered inflection. When you
review our report make sure to evaluate this level
first. If longer term
parameter #3 holds, the stock is likely to decline
back to longer term parameter #1 again, regardless of
what happens with BSC. Click here to review our
real time report:
http://www.stocktradersdaily.com/Main/seo/jpm.html
Bear Stearns (BSC)
Remove all of the arguments from this equation and we
know that JPM was bidding near $15 for BSC before the
Fed steeped in and 'requested' a lower price.
Maybe that's why JPM is bidding against themselves?
The next obvious question is: will $10 hold as a target?
For most of you, you are holding a very nice gain in BSC
at current levels, and $10 would be a great exit price.
However, I think you may be well served to
hold just a little longer.
Specifically, my upside target for BSC is represented in
the near term data in our report. Refer to near
term parameter #3. I expect BSC to test this level
in the next few days - weeks. Click here to review
the details:
http://www.stocktradersdaily.com/Main/seo/bsc.html
Long Term Market Analysis:
The Investment Rate is the most accurate leading
longer-term economic and stock market indicator
available; it told us in advance that 2007 would be a major
transition year and that the market would be ending an
uptrend that began in 1981. Further, according to
the Investment Rate, the Market has already began a
downtrend that will eventually be comparable to the
Great Depression and the stagflation period of the
1970s. Anyone interested in more information about
the Investment Rate should visit
http://www.stocktradersdaily.com/Main/services/investment%20rate.html
Strategic Plan for 2008:
With the findings of the Investment Rate in tow, Stock
Traders Daily developed a strategic trading strategy
in August of 2007. The goal of that strategy is to
offer an alternative to longer term, buy and hold
investments. Since August the
strategic plan has annualized about 100%. The
objective of the plan is to offer buy signals and short
signals when reversal triggers occur. On February
11, Stock Traders Daily identified another reversal
trigger, and the next leg of the strategic plan for 2008
began. The strategic plan helps to keep you ahead of the
curve at all times, it helps you go with the flow of the market, and
it helps you maximize your returns. If you would
like to review it you can visit
www.stocktradersdaily.com.
Automated Trading:
Our ATAP program was designed so people who want to
engage the risk controls of active trading strategies,
but who also have personal obligations which restrict
their ability to watch the Market, can still do so.
Take advantage of these risk controls while you work,
play golf, or trade other stocks. ATAP works as
your eyes, ears, and your hands so you are free to do
other things. Click here t learn more:
http://www.stocktradersdaily.com/Main/services/atap.html
Full Disclosure:
We have recommended BSC as a strong buy at $3 last Monday. Our membership
base should have a cost basis between $3 and $11. This report provides an
upside target for BSC, and further analysis of JPM. Scroll down.
Good Trading
Stock Traders Daily
http://www.stocktradersdaily.com
1.866.213.2067
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