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SIR has an exceptional chart

By David Randolph · June 7, 2005 · 1 min read · 399 views

This is not the first time I'm buying SIR. Just take a look at these charts:

Absolutely beautiful, don't you think?

Anyway, those big down gaps occurred because of a delay in presenting the 10-Q for 2004 and the results for the 1st quarter 2005. The CFO has resigned so everybody is expecting very bad news out of the company when it restates earnings. I don't know what's going on behind the scenes but I see one marvelous chart developing. Perhaps the results are coming out and just the fact that there will be some clarification should produce a rally in the stock.

Expectations are very bad, but the stock has just started an uptrend. As usually, I'll go with the chart, which is starting to climb a wall of worry.

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SIR has an exceptional chart

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