Posted On: 10/04/2016 3:38:19 AM
Post# of 597
$PGUS That smartypants Waldo, he's at it again ! I knew there was something familiar about this chart pattern and Waldo reached out to make sure I was paying attention. He reminded me of the RXMD breakout with this pattern after he told me about it in January:
http://investorshangout.com/post/view?id=3523929
http://investorshangout.com/post/view?id=3461645
I have to admit, Waldo's got an eye for this - the first chart (PGUS) sure looks like the second chart (RXMD), and the third chart shows what happened when RXMD broke out for the continuation run. Looks like a repeat performance that could outperform the first one!
But Waldo wanted me to remind others that it's always good to do your own DD. I started in April, long-term hold for me, my second only. (besides, a little bit of DD on businesses like ProGreen (PGUS) or Progressive Care (RXMD) will give you the confidence to take 10x the position and hold for 300-500% gains to give you what you can't get from SFOR's and SGBY's when you cannot otherwise know what's driving them)
http://investorshangout.com/post/view?id=3523929
http://investorshangout.com/post/view?id=3461645
I have to admit, Waldo's got an eye for this - the first chart (PGUS) sure looks like the second chart (RXMD), and the third chart shows what happened when RXMD broke out for the continuation run. Looks like a repeat performance that could outperform the first one!
But Waldo wanted me to remind others that it's always good to do your own DD. I started in April, long-term hold for me, my second only. (besides, a little bit of DD on businesses like ProGreen (PGUS) or Progressive Care (RXMD) will give you the confidence to take 10x the position and hold for 300-500% gains to give you what you can't get from SFOR's and SGBY's when you cannot otherwise know what's driving them)
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