Originally Posted by
Phaedrus
The red dots mark where fundamental analysts bought, mainly on the basis that the shareprice at that point was well below RBD's theoretical "value". These valuations were progressively reduced, but the market price was always below RBD's calculated "worth", it was always a "bargain" so the buying continued - all the way down. See how TA kept you out of this stock for years, while the downtrend ground inexorably on. See how even this tentative, unconfirmed technical "Buy" signal knocks the socks off each and every entry made by people who calculated that they were buying "value".
This has been a wonderful stock to be out of these last 3 years - regardless of the seductivly high dividend yield.