RE:Ugly Ugly chart now
Which one? The five year, three year and one year all look great to me. The shorter term charts suggest the stock is on sale. The whole market is down today and being 3 per cent off is about par for the course on a day like today. I am happy to hold on. To be clear, you were out today completely at about $7.13? So if we are up from there at any point then we pat ourselves on our backs and you kick yourself for missing out? I appreciate that you have a different style of trading/investing that involves analyzing very short term moves. Its very hard to do in my view, and much of the short term moves depend on extrinsic policitcal and economic events having nothing to do with our specific company. You might be right or wrong in the short term. Who knows? In my view earnings drive the share price ultimately and I see earnings growing with this company by this time next year and we will see who is winning at that point. I suppose you may be back in by then, but in doing so you are going to incur a great deal of transactions costs, and probably always be one step behind the market moves. You had prevously made a lucid comment about the fourth quarter results showing marked improvement, and suggested that all that is needed is for that new development to continue into subsequent quarters. Well you got that in spades with the recent corporate update. Then you reverted back to studying the squiggly lines on charts.