RE:RE:RE:RE:RE:RE:RE:RE:Here's your morning laughGann999 wrote:
fundamentals tell you what to buy only if you understand them correctly. Technicals don't tell you jack squat until after the fact so gonna have to disagree with you they tell you when to buy.
yes and no
specific to this company
since march of this year you could argue the fundementals have improved (as i beleive they have)
and yet, a quick look at the chart with its lower highs and lower lows, has told you stay away
that was proven to be 1000% the right call
technicals do not make a call on the company, nor why it trades the way it does
it simply tells you, thru the chart, what the collective wisdom of buyers and sellers thinks at any given time
and, specific to this co, it has been painfully obvious what the correct course of action was
until it isn't................and you are correct, there will be a lag in technicals until the bottom is PROVEN to be in
so for those beleiving in the long term prospects of this company and are prepared to hang on through thick and thin, then power to you all
i 'hopefully' will be with you yet XBC still "got some 'splaining to do"....
until i'm prepared to be 'all in'
finally, i fully expect a gap up one day and am happy to pay up higher because this will only come to pass once they have 'proven up'
good luck