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RealMoney.com : TSC Technical Forum
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Hold Out for a Better Time on Hasbro
By Gary B. Smith
Special to TheStreet.com
10/15/2001 07:32 AM EDT |
Boy, those fundies. Such good ideas, such lousy timing! Hasbro
(HAS:NYSE - news - commentary - research - analysis) is a great example. I'm sure Arne has made all the usual points about earnings, growth, valuation, etc. But what he hasn't fine-tuned is exactly when to buy.
As you can see below, the time is near, but not quite there. Assuming Arne is right, you really give up very little upside by waiting to see if Hasbro can truly break through resistance. If it does, then consider the few extra percentage points you lost as "insurance." But, if it comes crashing back -- a distinct possibility -- you haven't lost a dime!
Remember, the fundamental story can certainly be part of the picture. But add in TA and you have an even sweeter investment.
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes a daily technical analysis column for RealMoney.com and produces a daily premium product for TheStreet.com called The Chartman's Top Stocks. While he cannot provide investment advice or recommendations, he invites you to send your feedback to Gary B. Smith.
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