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Re: Ready4bluesky post# 38575

Thursday, 08/20/2015 1:57:40 PM

Thursday, August 20, 2015 1:57:40 PM

Post# of 704006
I can tell you what's going on here the way I see it. Check out the S&P charts. The 50 day moving average crossed the 100 day to the negative just a bit ago. This hasn't happened since 2012. Hard to believe...top it off with the current price crossing below the 200 day moving average. That hasn't happened since the October dip but even then the 50 day stayed above the 100 day. We're in a double-whammy situation. Linda and management have been extremely quiet yet Woodford is heavily invested in the Patient Capital Trust and mentions he still sees the valuation as completely under estimated while he's continuing to complete the Trusts investments. Take a look at his philosophy and track record if you haven't. He's a beast and super long term, that's all there is to it and nobody can deny it. He is the "baker brothers" of Europe, he is closer to all of the real NWBO activity than any manager over here and he did not just dip all of this investment in for the hell of it. This downtrend is simply the "correction" of the overall market and "riskier" stocks are always the first to move. This correction has been "predicted" for a long time and it's probably finally happening. Most of what i read says we have a couple bad months and rally at the end of the year. Nobody is out there with inside info and selling out from under your nose. There is silence, they are short cash, and the market is correcting. All scary but all easily recoverable. Start to worry when Linda et all start dumping shares or when we get real data that is bad, not speculation from people that you have no idea whether they are legit or shorting.
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