<OT>Teflon - well, I am sort of taking a gamble on one aspect of what your analysis points out <<This cycle may work to our advantage, however, as unpredictability may return to these issues as a result of continued discounting of Company News into the future.>> I have been accumulating NITE in the 50s, even though the trading patterns, from a traditional TA perspective are very poor. In short, my FA and TA are at loggerheads when it comes to this stock. Usually, when that happens, I forget the stock, figuring there are so many stocks out there where TA/FA dovetails perfectly, and why bother with a stock that behaves strangely. However, the FA is so damn compelling in this case, that I'm going out on a limb, and committing significant funds on the theory that the <<continued discounting of Company News into the future>> will work to my advantage. We shall see. Soon, the reason for the poor performance may become apparent (July 13 huge #shares are coming out of lockup status, which could have been spooking the market all along), and I might be sitting on a pile of losses (on the other hand, I already took positions in the low 40s, and today NITE is above 60).
Good luck.
Morgan |
