Well, right now you look like a hero on the daily short-term line chart:
click to enlarge
You are in heroic blue while the rest of the market is in villainous red, despite the green of the chart! We do, however, have to put this in context by looking where you have been:
click to enlarge
You are now a third of your value of 13-years ago and you have cost a lot of investors a great deal of money, including many retirees who had their retirement dreams dashed.
So, can you make amends?
I would be happy to trade you like mad in the short-term - maybe for a further 20 or 25 cent move up from here:
click to enlarge
After that I would desert you because the big picture is down:
click to enlarge
By then investors will really get nasty because they have suffered so much. Down around $2 you may be of interest as a longer-term investment and the big boys might show some interest but that is some time away and in the meantime you will be buffeted by traders.
Enjoy the ride
Tom Scollon
|