May 21, 2006
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May 21, 2006 - Issue #007
Jetblue: Buy now?
It's more difficult to find good "buy" candidates in this market, but I'll mention two that have already gone through significant declines and appear to be attractive for purchase now: Jetblue Airways (JBLU - 10.71) and Tenet Healthcare (THC - 7.95).
These recommendations are based strictly upon my "tape reading" interpretation of the price action of their respective charts. Whatever may be going on in the background, as far as fundamentals are concerned is, in my opinion, reflected in the tape action.
Besides, by the time the "news" comes out, it will be too late. But you already know that, right?
All I have to know about the stocks I follow is: If they're good enough to be listed in the major indexes, they're good enough for me. JBLU is in the Dow Transportations and THC is in the S&P 500. After that, it's strictly a matter of timing.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!