Well, if he did this from strict trading discipline he may get some respect from traders. I can’t believe how much time he would have put in to research the stock only to get out in 2 weeks.
IMO this is the problem with these TA people. They look at charts and project a pattern into the future (inertia- Newton’s first law). At 82c when the company made historical highs the chart (backwards looking) looked excellent to dive in. When it is 30% cheaper the stock is no longer a good candidate for a hold let alone to accumulate!
I can’t imagine how many millions of stocks Newing some held to move markets (which I don’t believe from a sole trader) but if the traders and fundies are shaken out hopefully we will resume northwards in a week if not today.
Add to My Watchlist
What is My Watchlist?
