InvestorsHub Logo
Followers 51
Posts 4142
Boards Moderated 1
Alias Born 07/11/2009

Re: RedStick post# 60896

Thursday, 07/23/2009 5:27:20 PM

Thursday, July 23, 2009 5:27:20 PM

Post# of 165854
This is a really great chart. I have mentioned here before, but I think there are two types of investors in this stock: chartists and smart people. The chartist looks at glassy's chart and sees signs that it is reaching overbought territory and exert selling pressure. The smart people see the bigger picture and realize that the RSI is merely reflecting the increased attention being given to a stock that is still clearly undervalued, and then use the dips as buying opportunities. A super health day like Red says.