Discussion in 'Stocks' started by turkeyneck, Jun 17, 2008.

  1. It breakout, so it will go another 10 points easy. Even if Cramer did recommend it, it will break out by end of this week regardless.
  2. aresky


    This is fully valued, by now

    Merrill Lynch
    Latin America-Mining, Agribusiness Coverage
    1 June 2008
    Our target price of US$52/ADR for SQM is DCF-based. It represents target P/Es
    of 33.4x for 2008E and 27.3x for 2009E. We discount SQM's (consolidated) cash
    flow to equity holders at 9.2% (with 4% perpetuity growth). Our cost of equity,
    12.2%, is derived from 5.4% risk-free, equity risk premium of 5.6%, and SQM's 2-
    year beta of 1.22. Cost of debt: SQM's after-tax cost of debt is 4.0% (corporate
    tax rate of 17%).
  3. Anyone still letting profit ride? :D
  4. Still holding it. Stop moved up to 54. Got it around 49.5. If anything, get $4 out of it for 3 days of "works".:D
  5. aresky


    SQM $52.970

    Daily Commentary

    Today’s Candlestick Patterns:
    Long Black Candlestick
    Bearish Dark Cloud Cover

    system posted a SELL-IF today. The previous BUY recommendation was issued on 06.16.2008 (3) days ago, when the stock price was 46.8000. Since then SQM has gained 13.18% .

    A bearish pattern has developed and a SELL-IF alert is issued today.

    The last two candlesticks formed a Bearish Dark Cloud Cover Pattern . This is a BEARISH REVERSAL pattern that marks a potential change in trend. Though it is HiGHLY rRELIABLE confirmation is still recommended.

  6. break of 45 would end the trend.. ftl

    oh wait short it lawl