RE:What’s all the ranting about????Charts dont always tell you whats going on in the overall market
Not having a US foot print will leave APH in the dust compared to other companies.
Congrats on your swing trade I see the stock climbing up closer to earnings again but not to the $8 mark. I think it maxes out at the $7 mark but the drop after will be a bigger drop off.
By then the election will be wrapped up and companies with US conections will be laying out the plans and making moves.
Ghostinthedark wrote: Clearly, it's the bagholders and many retailers who know f--k all about technicals, such as moving average, reading charts, and analyzing a company's fundamentals, such as EPS...
APH is trading at fair value---the 200 day moving average ( the average stock price over 200 days)---is only $5.67.
Furthermore, for a stocks share price to continually move up, investor sentiment must be bullish. Right now---it's my view that SMART money is taking a wait and see approach.
And finanally, investors want to see significant sales increase and earnings growth every quarter.,.
I bought in 2000 shares in early October---$6.00 average, held on, watch the bull run, sold at $8.17...
I was all cash when earnings were announced, because holding during earnings is like playing the slot machine at the casino.
Earnings disappointed----stock tanked 25%----as low as $5.75 on Friday???. I bought in again----1,000 shares.
will add more during next 21/2 months, until next earnings est Jan 12, 2021...
when you'll see another run up to the 12 month high of $8.29..
My advice to all the ranters: Learn candlestick charts----identifying trends, learn techical analysis, especially the moving average; learn the basics of fubdamentals-EPS, debt to equity, price to book.....
Ranting about Irwin is kids play---disgruntled bagholders