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Tuesday, April 25, 2023 10:13:20 AM
But here's the thing. I wasn't bullish 20 months ago. In fact, I sold when we were saying we had some plants growing in COachella. remember that? And I stayed out until very recently. I am bullish BECAUSE the price has been bearish for 20 months. It has dropped even as the company has improved their numbers and their focus. SO now, after 20 months of a dropping price, I see stability, a bottom, and an opportunity. There's a difference between a permabull, and someone who analyses with both sides in mind and then determines when it is time to sell AND when it is time to buy.
As for your analysis of the past? I see your point. From a technical standpoint, this is still bearish. It won't turn bullish until it hits like 2 cents a share. But who wants to wait until it hits 2 cents a share and THEN buy? The fundamentals have changed, and the technical never accounts for a change in fundamentals. So I'll buy now, when the stock is LOW, and the fundamentals have finally changed positive, and wait for the technicals to catch up. Shoot, I might even be a SELLER when the techs are screaming buy. Because they are backward looking, and the fundamentals are forward looking. On a big board stock, techs work better, because no big board is going ot grow 900% in a year. Down here I look at techs but don't follow them. It's called an outside factor interfering with the past technicals. IN this case, getting focused on something instead of blowing smoke, and starting to do the right things. But I think your analysis was very good and I appreciate that you wrote that. yes, it is a different view, and most views are appreciated.
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