i agree with your thoughts on a move back to 18000 but it will probably take until year end to get there
monthly chart implies this is all part of a large sideways move which began around june 2014
looking at a monthly close only chart
this drop looks pretty normal .
ill admit its a bit scary yet im thinking we chop around around here
untill month end .
look at thew 40 month simple moving average of the past 20 years
and see where we are today using a line close only chart
id say 192 yet close enough
that level will probably act as support and resistance through out the week .
the monthly close only chart closing down here ( 192-196 ) would give it
the right look . im going to stay flexible and let this week / month end .
most likely the bottom is in place price wise just need the trend to change
yesterday was crazy yet i did manage to pull out 700 pts on the upside
using the futures .
today im not trusting them
So what is this classic 3 days down your talking about ?
how do they typically play out ?
the market has been down for 43 trading days
lol good one nacho
i tend to agree with you with the exception of inflation
if we get all that gov control of our lives it would bring
we could assume the markets will crash yet what is the historical calculations for targeting these extreme
swings . we have had many of them of the past 80 years yet the same calculation will get you the bottom
price target ( extremely close ) with everyone assuming the world is about to end i have to ask just how
close are we to the actual bottom .
i posted earlier my thoughts on price targeting for a low
so take a look for yourself and do some homework :)
it may not end out so bad after all
not yet anyways .
Ill try this one last time . i guess yahoo now deletes posts with any kind of url address .
i was looking back at historic price swings many years ago and i found a simple calculation
between A and B to target wave C .
if your interested in seeing these examples check out tradersaffiliates web site
and see for yourself . the charts are show in the weekly update section .
the web page is old and not that great yet i think you will find the info informative .
that's it .
All stocks ( companies ) have a fair value as well as a story .
amazon is way overpriced yet the market believes in the story .
Plug has a good story yet from years of losing money and issuing
more shares to the market which has reduced shareholder equity
the market does not trust the story ( they have heard it all to many times )
Personally i think plug can survive yet the wild card at some point becomes
the price of oil . i get the no emissions ect and clean air to breathe if you work
in a warehouse.
At the end of the day it comes down to earnings growth ,actual profit
and cash flow .
keep in mind that mutual fund managers dont purchase stocks less that 5 bucks .
bottom line : plug wont get much investment until its stock price holds above 5 dollars.
that said i own the stock and it is a very small position ,i put it there as part of
my allocation strategy.
we may argue which is better electric ( battery powered ) versus fuel cells .
which is safer which is more cost effective ect .
this could be just another beta max versus vhs tape ( beta max was better tech yet it lost )
Microsoft versus apple ?
it comes down to how well plug can market itself and at the moment it does have some
strong customers but how much volume are they buying ?
as another thought to this .
Rad versus Plug ( rite aide versus plug power )
they are both roughly the same price today yet which company has a higher chance
or surviving 10 years out ?
mutual fund managers would be more interested in RAD since its over 5 a share
I like plug own a small position yet in my view i ask myself can this company turn itself
around and gain the trust of its investors and not keep diluting share value ?
ill give it a year good bad or otherwise and then decide .
my last thought on this ,
assuming the deal is done with AMGN i would expect amgn to drift lower
ideally near 92.50 maybe mid to late Sept , if that happens i would look to
buy AMGN expecting to hear a buy out of ONXX , the upside would be towards
135 on AMGN into year end .if it happens obviously .
if it jumps great if not ill keep my risk controlled .
still dont see the reason to buy ONXX though .
bottom line : im going to sit back and be patient
you are never guaranteed of a profit in a week or even some time down the road
had you sold at or near 130 that is the present bid , and even if a deal is done
it means you will become AMGN and then there is time to wait before the transfer
even takes place , time is money and this stock was ABOVE that bid !
anyone that wanted out at the bid price had there chance already .
so who wants AMGN ? becomes the question .