Because, as said many a times in the past, nothing
Post# of 1023
Posted On: 04/01/2016 10:58:06 AM
Because, as said many a times in the past, nothing goes straight up. If people would simply zoom out on the chart and not be so focused on daily trading, it would resolve a lot of inner conflicts.
When a child gets a A+ on a math test, does that mean every following test will also receive an A+? Of course not. The A+ will be averaged into the final grade. A chart is an AVERAGE. We want to see the average share price go up; not every single day.
Apple, as in the billion dollar computer company, had a share price of $118 last December. Over the course of the next 3 months, the price plummeted down to $96. That's a $22 drop in two months. Go check out the chart. Do you think long investors freaked out and sold? Most likely not, because they know and fully understand that stock price fluctuates. Had they sold when the price dropped down to $96, they would have lost out because as of today, the price is climbing back up to $109 and more than likely will continue to climb.
Looking at a chart is one thing; understanding the fundamentals of a company is another; but only looking at the chart and completely ignoring the fundamentals is what freaks people out. SCIE's fundamentals are sound. They have a product, FDA approval, CE mark, sales, $707,000 in sales in less than 4 years (I'm beginning to sound like a broken record). Price drop which is not accompanied by bad news, in my opinion, doesn't indicate the company has failed.
SCIE's share price has fluctuated dramatically over the past number of years. This is nothing new for long investors. Basic DD reveals the drop in price over the years was due to SCIE building distribution, improving their product, and working on acquisitions, instead of spending the money frivolously on a 50,000 square foot office space and corvettes. The people behind SCIE are working every day to get the product to market, and one result of building a business, is a drop in share price until a solid distribution system is in place.
As I mentioned in a previous post, these days are weeding out the short term investors, and those that cant bear to watch the price drop will ultimately move on to the next stock which 'hopefully will make them a million dollars in 6 weeks or less'. As long as SCIE continues to progress forward, the overall trend will move up and the share price will increase.
It astounds me that no one realized today that the 50MA and 100MA lines have finally touched! Both are at .0025 as of this post. I mentioned this weeks ago that the lines were going to touch some time in April, and oopsie, look at that.. they did. This is another sign to me that upward momentum is forming and the 50MA line will begin to climb towards the 200MA.
I always use 3 MA lines:
50MA
100MA
200MA
..because the default setting on many charts is only the 50MA and 200MA, and only having 2 MA lines don't show the whole picture of momentum.
Red days, aren't always bad. I say it all the time. Yes, red days CAN be bad, and its every investors responsibility to interpret whether or not a red day is an indication to sell, but no.. nooooooooooooooooooooooo stock ever goes straight up. EVER. Why would SCIE be any different?
When a child gets a A+ on a math test, does that mean every following test will also receive an A+? Of course not. The A+ will be averaged into the final grade. A chart is an AVERAGE. We want to see the average share price go up; not every single day.
Apple, as in the billion dollar computer company, had a share price of $118 last December. Over the course of the next 3 months, the price plummeted down to $96. That's a $22 drop in two months. Go check out the chart. Do you think long investors freaked out and sold? Most likely not, because they know and fully understand that stock price fluctuates. Had they sold when the price dropped down to $96, they would have lost out because as of today, the price is climbing back up to $109 and more than likely will continue to climb.
Looking at a chart is one thing; understanding the fundamentals of a company is another; but only looking at the chart and completely ignoring the fundamentals is what freaks people out. SCIE's fundamentals are sound. They have a product, FDA approval, CE mark, sales, $707,000 in sales in less than 4 years (I'm beginning to sound like a broken record). Price drop which is not accompanied by bad news, in my opinion, doesn't indicate the company has failed.
SCIE's share price has fluctuated dramatically over the past number of years. This is nothing new for long investors. Basic DD reveals the drop in price over the years was due to SCIE building distribution, improving their product, and working on acquisitions, instead of spending the money frivolously on a 50,000 square foot office space and corvettes. The people behind SCIE are working every day to get the product to market, and one result of building a business, is a drop in share price until a solid distribution system is in place.
As I mentioned in a previous post, these days are weeding out the short term investors, and those that cant bear to watch the price drop will ultimately move on to the next stock which 'hopefully will make them a million dollars in 6 weeks or less'. As long as SCIE continues to progress forward, the overall trend will move up and the share price will increase.
It astounds me that no one realized today that the 50MA and 100MA lines have finally touched! Both are at .0025 as of this post. I mentioned this weeks ago that the lines were going to touch some time in April, and oopsie, look at that.. they did. This is another sign to me that upward momentum is forming and the 50MA line will begin to climb towards the 200MA.
I always use 3 MA lines:
50MA
100MA
200MA
..because the default setting on many charts is only the 50MA and 200MA, and only having 2 MA lines don't show the whole picture of momentum.
Red days, aren't always bad. I say it all the time. Yes, red days CAN be bad, and its every investors responsibility to interpret whether or not a red day is an indication to sell, but no.. nooooooooooooooooooooooo stock ever goes straight up. EVER. Why would SCIE be any different?
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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