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Fear & Greed Trader
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INDEPENDENT Financial Advisor / Professional Investor- with over 30 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice and Experience to produce Portfolios focused on achieving positive... More
My company:
RTR LLC
My blog:
Stocks4Income.com
  • Coach -(COH) Value With A 2.4% Dividend 0 comments
    Feb 3, 2013 3:18 PM | about stocks: COH

    (click to enlarge)Take a look at the recent sell- off in shares of COH after their latest earnings report. The market reaction to the news is overdone, (excessive fear - with a Zack's downgrade to Sell) leaving us with plenty of upside potential from here. Multi year support resides in the $48- $49 area. With shares closing at $49.87 on Friday (2/1) it may be time to initiate a position for long term appreciation.

    Long term oriented investors can start to scale into positions here while traders may wish to wait for that probable test of support.

    Solid value play and the dividend will pay you to wait as the stock rebounds.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in COH over the next 72 hours.

    Additional disclosure: Stocks For Income means just that @ Stocks4income.com

    Themes: Fear Factor, Coach, Value Stocks: COH
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