RE: Espen troll20 Nov 2024 21:39
Gravy-Train,
Maybe he is short on MATD, which is not a crime, so not sure why you are posting here, he should be willing to let you know though, a bit crap if he is just being bearish without stating his reasons. He is long hear though and positive, so that is fine with us.
Bit of a similar theme going on today, but why don't you sell MATD and buy here, I don't know anything about MATD, but a quick look shows you have a death cross in the charts, 20mil M/cap moving averages pointing down, and an SP at the lows, in free fall.
Whereas here we have just had a golden cross, MAs pointing up, big volume turnaround from bearish to bullish, and have had a big pull back from the highs, expecting major news and to head back up.
Maybe consider switching stocks? sometimes with a death cross you get a pull back to the 200 MA, that you can sell into before it falls again.