Tag Archives: US Stocks outlook

Rambus Inc rallies, and has way to go!

Posted on December 2, 2008 by Ramki

Rambus Inc, a closely watched Nasdaq stock, has shot up from its recent low of $4.95 to close yesterday at $11.39. While there are clearly some fundamental reasons behind the aggressive buying (court ruling in its favor, perhaps?) the time was ripe for this rally from a technical point of view as well Continue reading →

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Is Colgate Palmolive ready to jump?

Posted on December 1, 2008 by Ramki

You might be wondering if Colgate Palmolive is preparing for a strong move higher. The weekly charts show that the stock has reached its Elliot Wave targets (a 3-wave correction that also complies with some Fibonacci projections). The daily charts show higher bottoms, and a period of consolidation with the stock tantalizingly poised near the upper boundary Continue reading →

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Should we sell short JPM?

Posted on November 30, 2008 by Ramki

David has added JPM to his short watch list, and has asked what I thought. On 18 Nov, this stock had closed at $32.14. On 21 Nov, it posted a low of 19.69, a loss of nearly 39% in 3 sessions! And just four days later, it has traded at 31.93, a gain of 62%. Wow! After such incredible moves from a giant in the banking industry, one need to look carefully before taking a position. Continue reading →

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HP’s turnaround looks good- but beware of resistance above!

Posted on November 19, 2008 by Ramki

Thanks to some tough cost-cutting measures implemented by CEO Mark Hurd, Hewlett-Packard Company (NYSE:HPQ) is in a position to give out strong 4Q outlook. This has sent the stock price sharply higher yesterday, up over 14%. I invite you to take a look at the accompanying chart. Continue reading →

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Yet another look at Citi

Posted on November 18, 2008 by Ramki

With the stock tantalizingly below $9, many people have expressed an interest to see if there is any change in the outlook. So here is a fresh chart which suggests that perhaps we might find some support around $7.20 Continue reading →

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Quick look at Citi again

Posted on October 29, 2008 by Ramki

I’m keeping this brief as wife is waiting at the door. Citi has already moved up by 14% since we bought it below $11.80. Don’t be dismayed if it comes down today. This is supposed to be a Continue reading →

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Let’s join the “Rescue Citi” effort!

Posted on October 28, 2008 by Ramki

A lot of Sovereign wealth funds have invested in Citi around $40 per share, and a whole bunch of impatient investors have gotten long at various levels on the way down. But we identified long back that a reasonable level … Continue reading →

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Be ready to buy Citi on the next dip

Posted on October 16, 2008 by Ramki

The market gives some subtle clues to the alert investor of an impending bottom. One such clue is a diagonal triangle at the bottom of a fifth wave. Citi has come a long way from $40 where I had recommended you to sell. Continue reading →

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