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Re: PEMBROKE1 post# 36182

Thursday, 07/27/2023 3:01:41 PM

Thursday, July 27, 2023 3:01:41 PM

Post# of 37836
Believe it or not, some folks scan 52-wk-lows!

$SIRC is clearly a broken company and broken stock, but many scan for & try to buy-the-bottom at 52-wk-lows, or double & triple-bottoms, etc.

New lows tend to make new lows - statistically that's a losing trade.

Dub & trip-bottoms can be good for little bounces, but those entries need to be kept on a tight leash and dumped if they make meaningful breakdowns.

Anyway, that's often what brings in new posters, and maybe a bit of liquidity.

$SIRC is looking for support... maybe its due to find some?