$47.3aroundisthesupportline,basedonthisafternoonminutes,thisisthestartpointforBullfightback.
NoweveryoneknowFEDisnotwillingtocuttherate,butiftheminutesshowsomepossiblediscussiononratecut,themarketwillbepushedupforamoment.
BTW,WMisonthesseveralyrsupportlinealso.Stopafter$35.4.
YMYD[
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Itishighhigher,andnowitisatcriticalpoint,ifupthenbreakout,otherwise,thengobacktotesttheMA50.[
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BriefingNote:Thisdealisinhighdemandandsharesarelikelytoseeanicepopattheopen.Ifitdoespop,we\'dbehesitanttochaseit.RecallthatFortressInvestment(FIG25.88),anotherrecentprivateequityIPO,generatedalotofexcitementbutquicklyfaded.Itpricedat$18.50onFeb9,itopenedat$35,thenfellbelow$24withinamonth.Thisisa133.3mlnsharedealledbyMorganStanleyandCitigroup.(IPOXX)[
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2daysagofoundMAshouldgodownandboughtabunchof140putaround0.6,soldsomearound1.05,thenboughtsomebackaround0.7,butwasstoppedoutwhenstockpriceshootedto149,otherwise...._:mad:_:$[
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Theuptrendstartsafterithitthebottomlineofthedowntrend,Barromentionedthisone,andithasbigpotentailforthelongterm.
[
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Detail:Thecondohousepriceis$267K.
Mortgage=$213.6K,downpayment=$53.4K.
Yearlycost:Mortgage(6.125%)=$1298*12,
Tax267K*1.065%=$2844K,insuranceandHOA=$190*12+$796+$68membershipfee*12
Totalcost=$15576+2844+3892=$22312
Rentalincome=RI(normallyitshouldbethe5%ofthecostofthehouse)
Extracost=Totalcost-Rentalincome=$22312*10-RI.
After10yrs,Ifthehousappreciationis5%,
thefinals...[
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Thecondohousepriceis$260K.
Mortgage=$208K,downpayment=$52K.
Yearlycost:Mortgage(6.125%)=$1264*12,Tax1%=$2.6K,insuranceandHOA=$200*12.and$68membershipfee.Totalcost=$20984
Rentalincome=$260*5%=$1300(shouldgoto$1500includeeverything)*12=$18000.
Extracost=Totalcost-Rentalincome=$2984.
After10yrs,Ifthehousappreciationis5%,
thefinalsalepriceforthiscomdonwillbe$260(1+0.05)^10=$423...[
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setthestopat$15.34,whichisthesupportline.[
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is$16.05,addsomeat$15.83,setthestopat$15.60,whichisthesupportlinefortheup-trend.[
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pressurelineat$16.6twodaysago,andtodayitalsotriedwhenthepresurelinemovedto$16.74.Ithinktomorrowitwillpullbackandtestthesupportat$15.6again.Thetakeovercannothappenwhentherearebunchofrumor.LikeHOTT,andotherhottalkstock.
Nextpressurelineisat$17.02and$17.41
YMYD[
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