Re: Frustrating to no end
in response to
by
posted on
Jun 01, 2023 02:38PM
Looking at the 16 year chart, the pattern that emerges is a base line around $4 (.40 pre r/s), punctuated by short term spikes in the shareprice following signicant news and the enevitible return to the base line which predominates most of the time. This pattern encourages some people to trade but then there are others that hold on or purchase more shares hoping that the news creates a new base which doesn't appear to hold. Unfortunately the spikes are trending downwards from what I see. In spite of the Nasdaq powering ahead we have been left behind for now. As long as this pattern exists, the exhaustion will continue in my opinion.