Post by
Benedictus on Jul 29, 2019 11:26am
disgust and bearishness
the level of disgust and bearishness on this board is matched by the incredibly oversold daily and weekly RSI, the weekly RS is just a smidge above the all time low level back in December 2018. I've added a few more here. Catching falling knives is not my specialty and with the sector bleeding everyday, I'm certainly not saying these are the lows but I believe the cash issues for snn will be resolved via asset sales or another p.p (worst case) and in 6- 8 months this company should be projecting annual revs at more than the current mkt cap, so I like that risk/reward setup. All imo
Comment by
Benedictus on Aug 09, 2019 10:37am
I added modestly again as the sp plumbs the depths here and tests its 52 week lows. Technically speaking, there's a nice divergence with the daily RSI, which suggests a possible momentum change but still too early to be certain if the lows hold on a closing basis. All fwiw