Cytodyn Inc (CYDY)

[jimmy667]

Three gaps down and RSI 25% spell capitulation and down move exhaustion. On Nov 10th when the stock fell to $1.63 RSI just touched 30%. Never in 35 years of investing have I ever lost money on stock purchase of lots I bought when RSI was below 30%. They are very rare events and super sweet buying opportunities.
The last one I loaded at one of these low points was a 10 bagger in 24 months. (25 baggers at the high- and sold a lot of 5 baggers lots in 6 months)...still no approval.
From the low of $1.63 on Nov 10 2020 CYDY increased 429% to a high of $7 on 12-22-20. Easy 3 to 4 bagger in 6 weeks and one did not have to buy at bottom or sell and top. In 11 trade In days Dec 7 to Dec 21 just two weeks CYDY went from $2.30 to $6.28 open on Dec 22nd.
Wash rinse repeat. The next two weeks could be chock full of position news resulting in a repeat of this massive upswing. This is not advice. It is just what I am doing taking profits in other stocks and buying more CYDY. It a few weeks I might sell a few CYDY at double or triple and greatly raise my position in those other less volatile stocks.
Buy when there is blood in the streets even if it is your own. This maneuver is hard to do when all stocks are down like last spring but when the market (retail at least) misunderstands an event it is time to grab the golden fleece.
Victory favors the bold.
CytoDyn science is advancing even as the stock price declines. I liked it at $4.20 I love it in the $2.20s.