Friday, March 01, 2013 9:01:47 AM
Although not always obvious, cycles exist in all stocks. For the smart money, the accumulation phase is the time to buy because values have stopped falling and everyone else is still bearish. These types of investors are also called contrarians since they are going against the common market sentiment at the time. These same folks sell as markets enter the final stage of mark-up, which is known as the parabolic or buying climax. This is when values are climbing fastest and sentiment is most bullish, which means the stock is getting ready to reverse.
I don't thick we have even came close to hitting the "parabolic" stage of MCET. The smart money still holds and is still accumulating.
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