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Wednesday, June 26, 2019 9:24:52 AM
I gotta admit, I dont like to fall in love with a stock but I think I may have here.
If I stick to nothing but the charts, all the indicators I normally look at tell me to sell. The DMAs are all out of whack and on the wrong sides of each other, the trend lines have broken down, all that.
Despite this, when I look at the financials and see just how good a shape the company is in I am still here and do not plan on going anywhere.
There is no technical reason for the charts to be down like they are, yet here we are anyway. There has been no nad news. For that very same reason there is no technical reason why they won't reverse and climb back up too. I look at it as a great time to buy, that's what Warren Buffet would do, buy when everyone else is panicking.
So while it may hurt to watch this all happen, I for one plan on sticking this out.
A fool and his money is a friend indeed.
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