ROSE watcher alert --> BLOOMs ahead --> if you are still interested, ROSE has entered the honey-zone and is trading @ 16.99 --> some negative news has entered the scene and even lower prices could be found on this one in the near term. Personally - I'm passing and put more change on CNE just today in fact. Obided by the "catch & release" strategy employed for growth winners with low dividends and sent ACH back to the wild this morning... hope to regret it for all who are still holding :-)
For those of you who were lucky enough not to have been on my mailing list when I first wrote about ROSE, I have included the following excert from that message from none other than the one and only 7/11/2007.
"
ROSE
Rose's viscosity was so thick --> like I said after visually viewing" the candlestick data <-- that when it fell from 21.34 to 19.12 (~10.5%) in just 2.5hrs it only bounced back to 19.64. Since the expected bounce given standard momentum and uncompressed time should have been 19.86, it is now likely to move further to the next "Eliotte-Shelf" down. In high momentum situations under compressed time --> Huge Bounces occur --> even when the pressure brings the mean wave upper boundary zones of trading at or below the far outlying mode of wave pattern distribution of trade prices.
Had the bounce popped up to 19.86 and above while "waving-out" to a mean which nestles just above the 19.86 and whose most frequent lower boundary is also 19.86, then a stronger likelihood for reversal would have presented.
ROSE will likely continue to traverse in a rapid and "broken-style X-Wave" toward a mean trading value of 17.467
Did you see the coverage tonight on Frontline. I have still been a buyer at this level. We loaded on it Mon & Tue Morning. And tonight free advertising with Kramer validating by indirect implication that the dividend yield is more than sustainable.
"FROwnerSHIP"
"NewturmZanSpresions" will be "enclosed in a thick layer of case-hardened" quotes and will fail to penetrate and permeate the tissues of your brain. Except,..........When Your Strange :)
Toot A Lure
Charles
"