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Thursday, November 19, 2020 3:40:06 PM
Why? Because in the past 20-years, an investor could sell their BIEL shares and buy back in at their leisure, perhaps for even a lower pps. Now, IMO, the pps is moving up in a multi-year trendline. As you likely know, trendlines are the average of the peak and valley cycles. Like any stock that trades, I believe BIEL will have normal short-term cycles, but the trend is higher, much higher; higher highs, and higher lows.
Some investors have the guts to try and sell at the cycle peaks and buy at the cycle valleys, but I don't. I just hold and accumulate on pullbacks. I needed to average down a significant loss on this company.
Look at the 3-month chart. I definitely see short cycles, which is normal. If the stock follows the current trend, it is a good time to buy as it may be at the bottom of a pullback.
Go $$BIEL$$
All of my comments are based on my own due diligence and are only my opinion. Please conduct your own due diligence and research before deciding whether to buy or sell any stock. My posts are for entertainment only.
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