Digi, you are being sucked into the game.
This is what Cervantes was writing about. You have a lot of important stuff to take care of for the serious investors.
The absurd chart game is a waste of effort and meaningless. In 2001 or 2002, if you wish, those who bought 2,000,000 shares for $100,000.00 now have $700,000.00 or 600% gain and are happy. This is irrelevant totally to the current company or the future.
No investors buy and sell churning their holdings and incurring taxes. Ford went from $1.00 to $37.00 to $1.00 over the last twenty years. And now trades at about $17.00. That has nothing more to do with investing or making money, than the fluctuations of PTQ. Looking backward at charts and saying this or that about events is a whimsical effort at best. The fallacy that one is buying or selling at particular times is a flawed exercise to begin with. Exorcise this whole discussion.
Those who would tout that they made $500,000.00 by buying and selling may speak the truth, but what does that really mean, and how does it affect the issue at hand. Some win lotteries also. I can tell you that those with money, do not cash checks, or clip coupons, or spend time with such matters. Certainly they do not make a big deal about a pre-tax score of about as much money as is needed to take a two month vacation, in a first class environment with the family. Even if it is impressive to some, it does not affect the share price or the future of this company in any way shape or form. And is no measure of one's expertise, nor does it change any facts.
Let's look forward and make sound decisions based on pro-active involvement and intelligent analysis and discussion of the company and its future. Chatter is what it is and will never change as it is not grounded and focused on the future.
Saludos,
