Hi poods, A couple of times I've been tempted to respond to 123tom concerning charts.
I'm not a chart guy. Charts are a great way to look at and get a visualization in your mind, in one picture, concerning what HAS HAPPENED already in the past. And yes, if there are no unforeseen outside issues, charts may be able to (to some extent) let you see any trend that is developing.
You used half on my example of why I don't trade or buy based on charts.
NO chart ever predicted or foresaw that a stock would go up 200% in one hour due to previously unknown great news.
And NO chart ever predicted or foresaw that a stock would go down 80% in one hour due to previously unknown bad news.
If one buys long on charts, I guess you just hope for no bad news,
and if one is shorting on charts, just hope for no good news I guess.
Stock prices tend to be phycological animals based on the emotions of the day, greed, fear, hope, trust, apprehension, etc, and not just concerning an individual stock. It's THAT stock, and the overall market, and the overall economy, and politics, and what's happening in an investors life at that time.
To me, stock price is like a rubber band that is almost always stretched either too high or too low based on the above.
Tilray at $150 was the greatest stock since sliced bread, and they stretched the rubber band to $200, $250, $300 … now it's at $25.
Over time, a good stock will be appreciated and find it's deserved price, and over time Tilray and BeyondMeat and WeWork will find their lower deserved price.
MRKR, no matter who did what and no matter what the reason, we still have 4 1/2 million shares short.
All I know is two things.
Our price is lower than it would be if not for that.
And, at some point, those 4 1/2 million have to be bought to cover.
MRKR is a good stock with great potential and unless something blows up bad, that's what I'm sticking with.
Good Luck, hang in there, we will all be rewarded along with the patients who will benefit.
