Replies to post #94874 on Cytodyn Inc (CYDY)

[hopester]

Your history lesson ( without any of the indicators at the time , shown ) proves nothing. In other words, your argument leaves much out and is therefore invalid.
Whether Technical analysis doesn't meet "YOUR" criteria for a valid approach or not, it's being used by millions of investors, analysts, and traders every day. And if it's used that widely, it's regarded as a useful tool and employed in decision making.
By ignoring it, your're prone to increase the guessing game.... and that adds risk.

[hopester]

Here's a question for you:

WhenI warned that the stock was overbought, Extremely Overbought, and then Dangerously Overbought. where was your DD then? Many then called for prices to continue up . I read $25 even as much as $100.
The only way to know is by the O/B indicator which I pointed out. that's T/A not DD.
It dropped 50+% in 3 days. Rather odd for a stock with such expectations .
Nevertheless it dropped.
Now it bounced back retracing some of the loss. Very Normal.
You may dismiss T/A but when it has such a wide following, others employ it.
And that's what assists in determing market direction.