Looks good, occassional pullbacks such as this is golden requirement for a healthy , long-term, sustainable uptrend- the last thing we want is wild, speculative, ramping, followed by equally mad, panic selling- that gets us nowhere- Its like 1 step forward, 2 steps back.
Just for interest heres an example. eg A stock costs say 100c/ share Scenario 1. Steady uptrend of 5%/wk, after 5 weeks is 121c Secnario 2. Wild uptrend with a mix of 10% rises/wk, and 5% falls/wk, after 5 weeks is 110c Get the picture. Steady is better. Thats because once a tock goes backwards, it loses a lot time just to get to the point it was, before it can start rising again- its this catcup time thats the killer. Look where CSM, OSH, etc have gotten to on steady, long-term growth. If we are lucky, SMM might just do the same...
SMM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
