saw this today and found it interesting....i hate to say this talking about an airline but it may be worth a few gambling dollars
"(The) ‘down 30 in 30’ rule has worked 25 times in a row for Continental,” he tells the desk. In other words a 30% slide in 30 trading days or less means the stock is a buy – pure and simple.Here’s why.
“Since 1993 there have been 25 instances in which Continental fell this fast and this furiously. If you bought the stock each time, 25 times you would have made a 100% return over the next 180 trading days,” Baker says.
”Now, there’s no guarantee that lighting will strike a 26<sup>th</sup> time but we’re cautiously optimistic that it might,” he concludes.
"(The) ‘down 30 in 30’ rule has worked 25 times in a row for Continental,” he tells the desk. In other words a 30% slide in 30 trading days or less means the stock is a buy – pure and simple.Here’s why.
“Since 1993 there have been 25 instances in which Continental fell this fast and this furiously. If you bought the stock each time, 25 times you would have made a 100% return over the next 180 trading days,” Baker says.
”Now, there’s no guarantee that lighting will strike a 26<sup>th</sup> time but we’re cautiously optimistic that it might,” he concludes.
