Long term I think this is a good growth company and a buy. But a...

Long term I think this is a good growth company and a buy.

But a quick glance at the chart without running numbers shows it can have historical peak-to-trough replacements of 35-55% in the cycles.

So if we presume this is a downturn in the cycle and that $4 was the peak, then somewhere between 1.8 and 2.6 would be my guess for the likely range of a cycle minimum.

That lower uptrend line sits around 2.30 to 2.40, so if I was to place a speculative buy I' see what the trend does for a bit longer and perhaps put one in around $2.15 for a speculative buy or $2.50 if I'm really keen on the co.

Presumptions are dangerous of course and this ignores fundamentals, irrational human nature and that past performance is no guarantee of future... So I'm still going to sit on my hands as not feeling the FOMO yet!