Friday, April 23, 2010


I don't believe in charts; in 'technical analysis.' In fact, I think it's hooey. But that doesn't mean I'm right. As they say, if enough people believe in it....So, for those old school technicians, one may want to look at the looming $27-27.50 area on RMBS. From my perch RMBS may be about ready to really liven up. 2006 highs are much higher and the balance sheet and earnings power today are a whole lot better than that time frame. I'm going to try to add at $26.50 and most likely again at $28......

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