"Chalea still isn't convinced of an entry point for MAK. The reason for this is the massive bear run from $2.70 last year that has continued to 40cents. It is good to be conservative with your investing dollars but you need to select an entry point."
Thanks for the kind words in your opening post Saracen.
Here's my entry setup. All indicators must obey the rules together. Liquidity is important also.
I doubt if the market'll see any of my cash until the DMIs cross & the ADX falls below 40, (bottom chart).
Currently, the ADX @ 48 & rising shows the market is in a very strong longer term downtrend.
Most of my exit conditions, (using the daily chart), were mentioned here.
Words from management, investors & even me regarding the fundamentals of a stock will never ever be a reason to hold onto a stock again...
Regards
AEV Price at posting:
44.7¢ Sentiment: None Disclosure: Not Held
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