OTCPK:MEAOD - Post by User
Comment by
tictactoe111on May 05, 2011 5:00am
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Post# 18532841
RE: Based?
RE: Based?You'll see charts like that all over the stockmarket, many are justified. What we have here though is a case where the business is sound and the chart is not. I like that. It's these situations that I have been investing in for close to thirty years and I happen, rightly or wrongly, to have a very good feeling about this one. I tend to build positions when nobody wants a stock and then just hang onto it as long as I am happy with the management regardless of whether it increases thousands of percent.
We shall see, I say the downtrend will be broken within a couple of weeks. Keep watching :-)