|ISSC isn't ready yet. It's STILL in its base. But, it has the potential to emerge. Insiders en masse own a third of the company. So............you monitor it. |
Nobody in this thread has even mentioned false bottoms, but plenty have discussed owning stocks STILL in their bases.
Those that do (or have). should read Ted's book again. You buy in markup. IF you get shaken out. you look for opportunity to re-enter.
One false bottom worth study is ticker INS in 2008-09. That particular one nailed me.
Cleveland Cliffs is another stock worthy of study. 2003. That's right, a decade and a half AGO. Nevertheless a good teaching tool.
Lastly, forget Ken Roberts (or Matt Morsa). Neither probably ever met Ted (but then neither have I). Ted died in 1987 and his widow sold the rights to his book. Or course Horsey chart books are just a fond memory but Warren's concepts are timeless.