Replies to post #31536 on Sulja Bros. Building Supplies, Ltd (SLJB)

[Stock Lobster]

Charts are part of the picture, and I pay attention to them, if for no other reason than because I know other investors place value in them.

A bad chart can, by itself, help cause a sell-off. A good chart will encourage buying.

But charts are not absolute predictors of the future. If they were, all chartists would be rich, and no longer posting on Ihub, imho.

I always pay attention to RSI, however. Overbought RSI (like 80-90) nearly always indicates a sharp sell-off sooner rather then later, in my experience. That's why I hate parabolic rises in PPS.

I have in the past wished it weren't so, but most rockets have to come back to earth.

Therefore, I don't think it is the end of the world if SLJB trades sideways for a while, and consolidates before it's next leg up. There are alot of extremes in opinions on this board, but I think the truth is somewhere in the middle.

Facts will be verified, one way or another, and the PPS will reflect reality.