Suzanne, I just re-read my post and could not find anything predictive about the chart or my comments either. However, I would say the chart is instructive. Even more so if one goes back a full two years:
bigcharts.com
Perhaps you see roses in this, I see nothing but thorns. What I see simply in this chart is that if I had bought this stock at $3 per share in September of 1997, it would be worth a nickel now. Well, that's a lot of water under the bridge, so let's be a little more current. I could have gotten a really great deal on this stock in April of this year, and it would now be worth... hm, a nickel.
If a chart shows that a stock price has gone down, does that mean the stock price will always go down?
No, but I don't believe you or I or anybody else can guarantee it's going to go up, either. And frankly, that's the gist of what Zeev, Ditch and I are trying to tell you.
Alex |