Ride the McCain Train?by CubsRock on January 8th, 2008 at 5:04 am |
(6 votes, average: 3.67 out of 5)
Loading ...With Senator McCain looking like he is pulling ahead, I figured it was time to take a look my favorite defensive play. Technically, (GD: 91.77 +0.56%) looks ready to bounce off it’s 200 day EMA, which also happens to come right where support has been. Personally I don’t think it will actually touch $84 as the Indexes show we should bounce. Buying half here and averaging down if it hits the 200 EMA seems like a nice way to play this. Risk would be around 3:10 if using the stop listed.
Keep in mind (GD: 91.77 +0.56%) reports earnings Jan. 23rd. It could run up nicely from here just on that, not to mention fed help?
Based upon a McCain win I would invest in Mexican restaurants and continuing education companies specializing in GEDs and teaching English as a second language.
January 8th, 2008 at 6:29 amAt least Fly will have an endless supply of cheap gardeners.