RE:RE:RE:Re: ediotway, cashqueen, infideli, glenmoth homeless?First, a few corrections... I have been investing since the mid 80s (not 70s) and I have not made an $18 price guarantee.
Second, yes, as a contrarian I have invested in many securities over the years which are out of favor and ultimately have significant rebounds. The key is in identifying stocks that are down due to macro-economic or sector-related reasons vs. stocks that are down for company-specific reasons.
And yes, not all of them work out, which speaks to the need for diversification. But there are dozens of stocks that I purchased during the washouts in 2001/2002 or 2008/2009 which looked very much like Wellgreen's chart before they blasted off.
If you'd like a much more recent example, take a look at the chart for Kaminak Gold. Both the daily and weekly chart have some amazing similarities to Wellgreen's --until Kaminak stock reacted to the recent news. I would argue that a near term catalyst for Wellgreen may produce a very similar result.
If you disagree, fine. But express your opinion with intelligence and grace. Instead you expose yourself as a vulgar oaf.