time to review this duel, DIS VS DVN for long term hold.
DVN had a hugh spike fueled by the news. unfortunately, the stock still goes
it own course after the excitement dies down. head for touch of the 200ma
as i predicted. It has made a low and now it's past the low point of
correction and now it's a buy prospect. and good to put in an initial
position- may still be weeks before it can come out of the correction and
start rally.
DIS is an leader in DOW30 on the other side, rallying, just simply hold and
you will see a return of nearly $4 (including $.89 dividend). the rally is
very mild from weekly chart. so i think it still has long way to go. I see
it go close to 80 in first quarter of 2014. so far return 5.6% which nearly
50% above DIA's return of 3.5% during the same period.
which one would you rather own?
and who said TA can't by use for long term investment?