GREY:TSTIF - Post by User
Comment by
echo2on Aug 30, 2016 3:08pm
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Post# 25192327
RE:RE:RE:Catalysts
RE:RE:RE:CatalystsYes. He admitted he made a mistake on TSO3 by selling too early, and he also mentioned that some others at Sprott did and do disagree with his opinion, (i.e., they are big holders), of wait to buy on any further pullback... But, this is the pullback, to 50 day MA. ? is will it hold here and bounce higher with more positive news, or languish at these levels on a lack of news. Hainsworth was referring to the tendency of a stock to retrace a % of a huge advance such as we saw with the FDA claims news before resuming its climb upward. What I think he was trying to recall in technical analysis is the Fibonacci retracement typically 38.2% after such a share price move. (Other important numbers are 23.6, and 61.8%.) (3.82 - 2.25 = 1.57; 1.57 x .382 . = .60, or a sp of 3.22, which is where were are, more or less, now sitting, which also coincides with the 50 day MA.
Nuttal is a nice guy, but he is a kid. He sold after a 15 - 20% gain? What on earth was he thinking of? Poor guy.