Bahhh Rubbish! Your conspiracy theories are just plain paranoid Shameful. This stock has always been 2 steps forward, one step back. For BRIEF periods the shorts have been in control but for the most part, not. I will concede, I got "bamboozled" into buying the stock on multiple occurrences in the 26-29 region, shares that I still hold. But what you advocate is the taking of a loss where the risk reward clearly favors the long side down here at 22.50
Thats just plain irresponsible and money mismanagement in my opinion, The long term averaged value here is around 26.75 per share. I would suggest that the "abused" shareholders who have held on this long, stay on the boat a little longer. After all, there have been multiple attempts to flip them out of the boat at prices below 21 which they survived. I am so confident of a sustained rise over time that I committed to another 4000 shares yesterday. In some ways your advice is correct, this stock isn't for the faint of heart who are expecting a n annual 7% return on their money. They should have never ventured here in the first place, however, Im sure the ones who got in at 2,4,5, 12, 15, 20 are not the ones complaining. Steady as she goes Captain. Rome wasn't built in a day.
Absolutely - If you want a good long term, broad but accurate form of T/A, then look to PF (point and figure) and to a lesser extent, but still marvelously accurate, Fibonacci retracements off of Annual Low Point to High Point brackets.
PS. I just added to my existing long position.