RE:RE:IBB indexIts crazy that people are so married to the stock they can't see this. The risk reward on this is off the charts to the downside, and there are thousands of great stocks they could be making a fortune on. Some people are so set on being right they risk losing it all in some sort of alternate reality. Stock has been floating around a 20 rsi for over two weeks, if that doesn't tell a story that sinks in, i guess nothing will.
LaticelnExile wrote: greatplay wrote: Recent behaviour of Concordia is 100% connected to IBB, we are following it; some days go much lower than it, like yesterday, others overperforming close almost positive like before yesterday
Interestingly about IBB, it went below 200 days yesterday and tests 50 days today; also tried to go above 200 days today
But there is a good news, we are just testing, because 50 days are moving towards 200 days and most likely will create Golden Cross, which implies stock will go above 200 days
Since Concordai has good correlation to IBB, we will follow it 100%
Well that's a relief to everyone! Why not just buy the IBB then? It doesn't have an upcoming liquidity crunch... or a CEO who has pledged his shares towards debt....