Forum Archive Index - May 2001

[Phaedrus <Phaedrus@techemail.com>]

Talk about fiddling while Rome burns! Here we have a stock in freefall and you guys are arguing over P/E ratios, market share, earnings, relative merits of various softdrinks, etc ad nauseum. Use of a basic trendline would have got you out at $2.20 or better, saving the 30% (so far) fall from that point. Many of you seem to have committed the cardinal sin of falling in love with a stock, and are committed to its defence no matter what. Some even talk of buying more!
I have added a new trendline to the chart of yesterday. If you insist on buying, at least wait until the current downtrend is over, and prices climb above this line.
I suspect I am wasting my time here, though. My previous post (beautifully illustrated!) failed to engender a single response.
Phaedrus.



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