Friday, April 01, 2016 12:53:04 PM
SCIE's share price has fluctuated dramatically over the past number of years. This is nothing new for long investors. Basic DD reveals the drop in price over the years was due to SCIE building distribution, improving their product, and working on acquisitions, instead of spending the money frivolously on a 50,000 square foot office space and corvettes. The people behind SCIE are working every day to get the product to market, and one result of building a business, is a drop in share price until a solid distribution system is in place.
As I mentioned in a previous post, these days are weeding out the short term investors, and those that cant bear to watch the price drop will ultimately move on to the next stock which 'hopefully will make them a million dollars in 6 weeks or less'. As long as SCIE continues to progress forward, the overall trend will move up and the share price will increase.
It astounds me that no one realized today that the 50MA and 100MA lines have finally touched! Both are at .0025 as of this post. I mentioned this weeks ago that the lines were going to touch some time in April, and oopsie, look at that.. they did. This is another sign to me that upward momentum is forming and the 50MA line will begin to climb towards the 200MA.
I always use 3 MA lines:
50MA
100MA
200MA
..because the default setting on many charts is only the 50MA and 200MA, and only having 2 MA lines don't show the whole picture of momentum.
Red days, aren't always bad. I say it all the time. Yes, red days CAN be bad, and its every investors responsibility to interpret whether or not a red day is an indication to sell, but no.. nooooooooooooooooooooooo stock ever goes straight up. EVER. Why would SCIE be any different?
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