Vimpel Communications (VIP) Stock Chart
I read about Vimpel (VIP) in the January 2008 Smart Money magazine I received today and charted it below to see if the chart agreed with Jack Hough’s theory rooted in fundamentals. His data was from nearly a month a half ago, so it’s already dated (one of the negatives with getting stock ideas from a magazine). The past month has been very good for VIP. While it could always break its trading channel drawn here, I won’t be trading on it until I see it pull back some.
I’m not so confident that I’ll be buying puts at this point or selling naked calls, but I have to say the thought is tempting based on how it has reacted to these two upper lines twice. The better move in my opinion is to enter a limit order for January 30 puts and hope the slight pull back pushes the already high […]
Original post by Alex Fotopoulos