HSO takeover offer will be huge for Ramsay, page-53

"It is fallen below its support area around $61 after many attempts. As luck would have it, I bought just above that level :|"

@thunderhead,

You say you bought just about $61.
Today the stock is 1%, maybe 2% below that level.

If you look at the weekly/monthly movements in the prices of most stocks, their normal randomness generates variances greater than that, so I'm not sure that its all that remarkable that you happened to land on the wrong side of that inherent market randomness.

Unless, of course, your investment time frame is merely days or weeks or months, in which case it would probably matter.


PS. Can I ask what made $61 a level of support?