RE:RE:Trading technicals on SDI awardsBottom line is that without the contract we would be at .05 right now.
People who bought <.10 were betting that the contract would come, they weren't using some massively long term RSI oscillator or reversal indicator. One guy on this board came in on the day because he saw a certain doji.
But to be honest, if you had $1 million, and you needed to park it somewhere safe, would you play with $100k on a doji or would you dig deeper to find that there was a contract on the brink that would be a game changer?
Fundamentals are much more of a confirmation than technicals. The doji explains price action which explains human behaviour, so they too are very telling, but only when one understands the fundamental picture, imo. A $125M contract works 100% of the time, lol. Buying a doji might indicate there is something, but definitely not always. Moral of the story, he got very lucky.