RE: RE: RE: helloDuring uncertainty and turbulent times, the market tends to side more on technicals than on fundamentals. Technically, the SP is headed downwards and may eventually test the $2.00 level as I stated before......even though the fundamentals of the company remain sound.
In a world of computer trading models and low trading volumes, GCU has broken support at
$2.30 and is headed downward. Not that there's anything wrong with the company, but because, technically, the charts point to it and computer trading models are acting on it. Throw in some nervous retail investors, coupled with low trading volumes and we eventually see it happen.
Of course, all it takes is for some real good news to come out, pop up trading volumes and the swing upward begins.
Personally, I hold a good position at all times and swing trade a number of shares based on technicals and momentum. Exit point for me was around $2.31. I would look for an entry point again around $2.08 - $2.12.
As mentioned, we may eventually have to test $2.00.
However, my core position remains unchanged and still a hold....because you never know what catalyst may change momentum and have the SP rocket back upwards.
KAM is in the same position as GCU. Both companies are now trading at levels that provide investors with great opportunities, given their potential. While we all would like to see a 3-bagger tomorrow, there's nothing wrong with being able to acquire additional shares when the opportunity presents itself. Somewhere down the road, we will get rewarded for it.
BL4