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Rob Perrego

Who is Robert Perrego?

When WorldCo's Wall Street traders needed to know how to read a stock chart, they went to Robert Perrego.

Robert Perrego was a Managing Director and a Proprietary Equity Trader at WorldCo LLC for five years. Using Technical Analysis and Chart Reading techniques, Robert profitably traded over 100 million shares of stock worth billions of dollars for his personal account.

Robert delivered weekly lectures on Technical Analysis for WorldCo's other traders. The tapes of these lectures became required viewing for all new traders at the firm. These videos inspired the creation of the educational package now being sold at StockTradingCards.com.

Robert's Full Bio

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The Enron Fraud - Charts vs. Analysts
     

As Enron's stock broke support levels time after time on its way down into bankruptcy, Wall Street analysts upgraded the stock, initiated a 'Buy' on Enron or reiterated their 'Buy' or 'Strong Buy' recommendation 65 times! There were ZERO 'Sell' recommendations and just 10 downgrades!

NOT ONE ANALYST TOLD YOU TO SELL THIS STOCK!

stock chart of the enron meltdown
   
Support Level 1 is broken - 9 Broker/Dealers reiterate 'Buy', 'Strong Buy' and 'Add' ratings
at $77 1 Broker/Dealer intiates a 'Long Term Buy', another a 'Buy'
  9 Broker/Dealers downgrade the stock to 'Hold', 'Maintain' and 'Neutral'
  4 Broker/Dealers still keep a 'Strong Buy' on the stock
  0 SELL recommendations
   
Support Level 2 is broken - 1 Broker/Dealer downgrades the stock to 'Market Outperform'
at $71 20 Broker/Dealers reiterate their ratings. Lowest are 'Neutral' and 'Hold'
  4 'Strong Buy' ratings still on the stock, 6 'Buys' and 2 'Adds'
  0 SELL recommendations
   
Support Level 3 is broken - Enron CEO Jeffrey Skilling resigns!
at $45 0 SELL recommendations
   
Support Level 4 is broken - 1 Broker/Dealer reiterates a 'Neutral'
at $41 1 Broker/Dealer upgrades the stock from 'Buy' to 'Strong Buy'
  0 SELL recommendations
   
Support Level 5 is broken - 0 SELL recomendations
at $35  
Support Level 6 is broken - 2 Broker/Dealers upgrade to 'Strong Buy'
at $29 0 SELL recommendations
   
Support Level 7 is broken - 1 Broker/Dealer initiates a 'Strong Buy'
at $26 1 Broker/Dealer upgrades the stock to 'Strong Buy'
  0 SELL recommendations
   
Support Level 8 is broken - 0 SELL recommendations
at $24  
Support Level 9 is broken - 1 reiteration of 'Strong Buy', 2 initaitions of 'Strong Buy', 1 upgrade to
at $21 'Strong Buy', 1 'Buy' initiated and 1 'Hold' initiated
  0 SELL recommendations
   
Deecember 2, 2001 Enron declares Bankruptcy!
at basically $0 2 'Buy' recommendations initiated AFTER the Bankruptcy filing!
  1 'Buy' resumed, 1 'Upgrade' from 'Hold' to 'Add' - AFTER filing!
  0 SELL recommendations
 
It would have been nice to know what the stock chart was telling you to do. If you listened to the 'analysts' you lost every dime you had in the stock. The Stock Chart gave you at least 8 signals to sell this stock.
 
Knowing how to read a Stock Chart and identify Support Levels could have got you out of this LOSER! At any price that you decided to get out - it was still higher than ZERO!
 
enron analyst actions part 1
enron analyst actions part 2
   
Source: Briefing.com
 

 

 

 

 

 

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