surging

the thing is i'm going through a folder of old screenshots, looking for an item that might be in there, and i'm finding all these stock charts i saved when i was using this folder, a few months back. here and there one is catching my eye. who knows when i'll look at these again, so i can do something positive by moving selected charts into this live section of my cloud.

i wondered if  i had missed the boat on this one.

but, no, it's still down and behaving nicely.

it's making bottoms, wide shallow ones, and at higher levels than it did before (when the bottom was more spiky). this pattern is called a surge. now, just because it's surging doesn't mean it won't go down, next, and if it does it will tend to stay down for a while. what the surge means is it's got some substance to it. it could make a splash some time. remember we are only buying a little. if it goes down we buy a little more. it would be nice to know exactly when it's ready to splash, and i'm not saying it would be impossible to figure that out ... well, it might be. The pattern right now is distinctive, but i give it only a 50% chance of producing an immediate splash. To put it another way, it has a 30% chance of making a splash, a 30% chance of going sideways, and a 30% chance of going down. That looks like a non prediction but a) not every stock has a thirty percent chance of making a splash within days, and then, b) not every stock has a 30% chance of going down, and, too, i'm not talking about down a little. remember how NETE went down 80% on me? this is the nature of the prediction, and that's why i'm telling you to be very careful and only invest delicate amounts. read the previous post.

a splash. i predict a splash ... to 8. then a dip, back to 3. it's an insane thought. long term is the way to make real money ... but i feel so impatient!

what about the fundamentals?

they're well established in a certain line of business. it's actually a fairly large company. they're consistently losing a little money - this over the last several years. book value is decent. what's their line of business? well, it's kind of interesting and it does sound quite professional ... and, well, glamorous. fundamentals kind of support the idea that it could make a splash ... and seem to suggest it's not too risk and that it's good for the long term.



that's a very energetic pattern ... the last 20 bars. of course, the last bar is nascent ...

i really want to thank FinViz for these charts. they're terrific.