i sugguest you check out the chart on RMD
the shorting opportunities on Resmed have been noting short of amazing.
this is not a stock for the fain hearted.
if you think this stock will not bounce at some point be warned.
it will bounce hard. and the shorters will be chasing tail. now is not the time to be shorting a stock that has fallen over 100%.
The trend is your friend but no your limits.
RMD ranged from $7 $5 for a long perioid of time.
just be warned.
shorting is not for the long term investor.
tharlow is a day trader
different rules apply
for the long term investor. accumulation is the key. i am not say buy now. wait for the indicators...
odds are it will not the first bounce. it could be the 2nd or the 3rd...
PGL news will come and this will turn. if you dont beleive it, then i guess you should have sold out weeks ago.
directors are buying up.
Tharlow $2.50 will not happen.
will put a slab of mineral water on it for you!
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