Originally Posted by
Beagle
People really should learn some basics about technical analysis. A breakdown through the 200 day moving average occurred at just on $18. Basic TA would have got people out at about 3 time's the current price and kept them out and avoided what for some people has been a life changing loss.
Getting in and out when it breaks up or down through the 200 day support line, (AKA following long term price momentum) has served investors extremely well with ATM over many many years.
This strategy would have locked in the lions share of the capital gains over the years and its well worth noting this valuable TA tool currently says to STAY OUT of investing in this company and do not even consider getting back in until a new clear uptrend is well and truly formed, (whenever that might be but extremely unlikely to be anytime in the near future).
I won't touch this with a barge pole until such time, (if this ever occurs), as there's a clear break up through the 200 day moving average.