RE:RE:RE:RE:RE:Proud to short this stockMillennial2000 wrote: Obviously you don't read charts. I do not run TA school here. Ever since late April the sell signal is so apparent to chart guys that you must be out of your mind if you don't short it. When the buy signal shows up and is confirmed on TA I will turn long. More downside? The answer is already mentioned in my posts today.
i know how to read charts. that's exactly why i bought into this stock after it sold off - because the fundamentals aren't lining up with the technicals and they are screaming that it is completely mispriced.
what you may have missed is that post sell-off in April, the stock has drifted down on very little volume. go back and look at your chart and you can see the average daily volume the past month is of little significance at all.
it will be fun to watch you and others scramble to cover your short position on a thinly traded stock like CRH once earnings are released and/or another acquisition is announced. or even better - if CRH is acquired.
you can't completely ignore the fundamentals and it is clear you know nothing fundamentally about this company - have you even read the financial statements?