RE:RE:TECHNICAL ANALYSISZouZS3 wrote: Right now you're not investing, you're gambling on management! Believe it or not.
tony08 wrote:
correct me if I'm wrong but I think technical analysis must be very useful for day traders but for investors I don't really think it's of much use.
Zou you say it's about gambling!! Name me a single stock that is not "gambling" as you say.
Xebec is a risk yes that's for sure, and as I've said many times, I wouldn't buy this stock using grocery money.
But stop looking at your day-to-day charts and look at what was reported during Q2 results:
- legacy issues already paid for
- Summit revenues that will start to be calculated
- management who adjusted their prices and committed to improving margins
- this undervalued stock is trading below its book value
- the tailwind of global warming which is becoming more and more present for decades
Don't you think it's a risk worth taking