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Tuesday, February 2, 2010

AMSC

Another company that does everything right, yet it sells off. It beat the street at pretty much every measure, but apparently is too expensive and sold off.

(I do not understand this. How can a company beat, and guide higher, yet is deemed too expensive.)

If anyone was ever interested in the name, there is support around 34-35.

(I will not be entering. Will look to play it at 32, but my current strategy does not fit the 'initial buy' at 34-35. Will explain my strategy later in the day, with my end of day Market Thought post.)

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