GREY:SAYFF - Post by User
Comment by
GordoTheGreekon Apr 12, 2019 6:19am
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Post# 29616970
RE:The company vs the Chart
RE:The company vs the Chart1234ZION wrote: The company is a great compnay and keeps releasing positive news and has since day one but the chart tells a different and scarier story. Closing today at .44 with earnings only a couple weeks away , is supremely worrying. Especially since all that volume we had the for a few days has dried up and the price still slipes to an undeserving area. I am in at .46 and no plans to sell until just before or after earnings. With that said, from expereince with other stocks, this is starting to resembele allot of unwanted memories from other ¨good companies¨that I went long on and lost bigtime.
Hopefully this cycle stops but the chart says its not going to. If it breaks. 38 then we are in for a major bad storm. Sure would be nice to see it crawl over .50 but the wall of sellers vs buyers there is not encouraging.
Cheers
Thanks for the analysis. You’ve convinced me to exit my position today at a loss.