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Think or Swim

08/04/12 9:24 AM

#82148 RE: mc6102 #82146

I agree. Nothing wrong with TA but TA does not show the underlying story.

It's really very simple. All stocks, big boards and all others, are inherently bearish. This means that without a catalyst to cause investors to buy at higher prices, all stocks will naturally return to face value, or par value.

TA shows the result of these catalyst actions after the fact, they can not predict the catalyst.
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dworb

08/04/12 10:01 AM

#82165 RE: mc6102 #82146

Fantastic post...and so very true! This stock truly has the ability to make the ones who buy now and hold very, very wealthy! I am banking on this baby getting me retired by the time I'm 40! I'm 35 now, so jeff has 5 years to take me to the promised land. I am a TRUE LONG who plans on holding this seriously long term!
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lowman

08/04/12 11:13 AM

#82182 RE: mc6102 #82146

While history tends to repeat itself, that's only true when the dynamics don't change. KMAG is breaking new ground which makes chart history totally irrelevant.

I guess we just have to excuse those folks who have never been in a ground-breaking stock before.