Herb,
On one hand, he was saying that the uptrend is a "no brainer" and that any chartist could see it, and one with some kind of power could have started the rumor for dark, self serving purposes OR to set a fire under an "obvious" trend up. At the same time, he's saying that we may have no reason to celebrate yet (because he believes the rumor is a ruse), while also stating that the stock will be moving up for awhile. This is my understanding of what he brought to the table, on this TA thread, and so I basically said that I think he is all wet........unless I missed something.
What about the fact that IOM is a great company with excellent prospects making the chart look darn good all by itself? Isn't this reason to "celebrate"?
I think we have someone here who "bet" on a rumor, be it true or false, simply for the effect it might deliver to share price (thus, not a real investor in IOM). Should there be no truth to the rumor, he'll now be content to see the price move up gradually, but have no reason to celebrate.
Not really what I'm into discussing on SI, but you deserved an explanation. I probably won't respond to such posts in the future, unless they are made directly to me, and even then I'll most likely try to pass.
Have a great trading day,
E |
