It either will or it won't. Unless it already has
Quote:
Originally Posted by
blakecb
There are some warning signs appearing with Ryman that would be good to keep an eye on (see the attached chart).
It is testing a number of things right now - the 50ma (pink), support level (orange), neckline of the head and shoulders reversal pattern (black). It is also in bear mode on the RSI and DMS. It may yet bounce off all these things and be okay, but if it starts breaching them all, it would be a good indication that it is time to exit.
Attachment 4739
Go find a 5+ year chart with a log price axis, it provides a wonderful perspective.
Best Wishes
Paper Tiger
What is all the fuss about
Ryman has a current (well 23-Oct-2013) value of $5.049 (note the 3 decimal places there, it is precise and accurate).
Any valuations above or below this are plain wrong. End of story.
So currently it is drastically overpriced and the only reason I have not sold any is that the price keeps going up.
Best Wishes
Paper Tiger