| |
John S. <<<Take this as an opp to buy more stock, not to worry :') TA is an important indicator. However, it is outweighed by about one order of magnitude by fundamentals. The fundamentals are in place and firmly in our favor.>>>
Thanks for the advice. Your timing advice appears (for now) to be impeccable. Sell at 15, buy at 11.75, not bad. However, there comes a time when enough is enough and my position in MTSN is already overweighted. Fortunately, most was purchased under 7. I agree with you that the fundamentals are on our side. My major concern is not MTSN but the overall market. I have seen plenty of tough markets, where you have an adverse Fed, and in those tough markets, good fundamentals are ignored. I believe we are either in a nasty intermediate correction or in the first down leg of a bear. The odds favor the former, I think. If we are in an intermediate decline, MTSN's fundamentals will prevail. If things get worse than that, the market won't care. Good luck. Phil
|
|
