11-05-2007, 05:06 PM
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Registered User
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Join Date: May 2007
Location: D' burbs
Posts: 1,493
Rewards: 40
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Take a look at TNH
TNH had a good quarter but the stock didn't do much.
Broke down hard today out of it's range. Sucks I missed it until now. Closed under it's 50SMA for the first time since Aug 31st. Take a look at the drop the last time it dipped under at the end of July. Note the smaller volume the past couple months also compared to the earlier uptrend. Textbook stuff.
If I understand it right, TNH gets hurt if natural gas goes up. Also, they pay a dividend to people holding as of Nov 8th. I would assume it takes a hit after that as people sell off once the dividend is paid?
Looks beautiful for a short. PLEASE tell me if I'm missing something here....
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