I appreciate all the graph updates, however I am confused as to what you mean by "we are good to go".
Remember I am long, so I don't want to see people hating on me. But I would like to argue that unless you are late to the game and you just want shares, you should probably hold off on buying more.
I was always taught to buy low and sell high, and if what I learned was true, then this would be a slight case of buying high (relatively speaking based on short-term timing).
Before someone jumps me, let me say that I do think it will go higher, BUT everyone here has already bought in so why would you average your pps up? It will definitely go higher, but if you were smart you would have already bought your max when RSI was down in the 30-45ish range.
MACD flattened out at the May crossover. That is when we should have been saying "We are good to go...". If you bought 100% in on May 1st, you would be looking at roughly 35% return for our recent highs the past two days.
THIS IS STILL A SAFE BET, VERY SAFE PLAY HERE, BUT IF YOU ARE IN IT TO MAXIMIZE RETURN, YOU SHOULD HAVE SEEN THAT IT WAS GOOD TO GO BACK 3 WEEKS AGO.
Everyone should know that I am LOONNGGG and I am not a trader, and I am not a regular OTC player. My position is substantial and have been maxed out on buying since early January (I will be buying more, but this is not my only gig). I am not trying to persuade anyone of anything nor trying to influence any decisions. I am principled and to those that are using this board as a learning experience, I'd like to see us doing them favors.
On principles alone, RXMD is a buy. If you are a technical trader, you would look at the chart and see that you missed the right time to buy and should maybe wait for the next consolidation, unless you just want to be long-term long, WHICH I WOULD SUGGEST.
I personally have been rounding up buyers, but I am speaking with them based on fundamentals alone. Back in May I would speak to them based on both fundamentals and technicals. If I wanted to speak to them based on technicals now, I wouldn't feel right about it unless I explained that they should have maximized their return by noticing the patterns I suggested around the April/May transition.
Not sure if this will make sense to any of you but oh well.
I stand to make no gains on this post and it is purely academic.
RXMD!
