posted
posted February 14, 2006 12:12 -------------------------------------------------------------------------------- it is going to continue to fall. my advise would be to sell now. get back in at the bottom.
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posted
If you trade based on only other peoples opinions you are in for some serious trouble.
I'm surprised they are doing so well. There are many other companies actually making money with a far less impressive stock valuation. You better be convinced of miracles to come if you have your money in them, if you aren't, stop gambling at such a pricey stock.
-------------------- Well done is better than well said. Ben Franklin
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posted
okay, if you want me to go in depth i can. sell now, reason why:
1. if you follow candles, this stock was a SELL on Feb. 6 when the Red candle broke through the 10 day SMA. As you can see, it is all down hill from there. that is always a bad sign.
2. If you follow RSI, you can tell that it was peaking and it had to retrace to get something going. which it never did.
3. if you put all of that together and then you wanted to look at the MACD then you could tell that the dreaded cross happened around Feb. 8.
SO moral of the story: with all these things taken into consideration, that is why i tell you to sell now and get out. that was my original reason that i said that, just didn't take the time. Oh, and it looks like this will not reverse anytime soon. I have played this stock and made some great money on it. I will look to buy back in the low 3's.
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