Tuesday, June 06, 2006

CL - Colgate-Palmolive Update

In my last post about Colgate-Palmolive, I discussed whether it was time to sell, as the stock has enjoyed a nice run. It has held its position, even as the markets have melted down, mostly because at the same time the stock market has melted down, the dollar has fallen, which is leading to expectations that the company's results will continue to be strong.

Over at the AntiBrokers, they have analyzed the chart for CL, and have concluded that the stock's current run is not done, and if it can break out of the 60-65 range, we should expect further bullishness.

Until I find an investment I like more, I will continue to hold

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