Because of the volatility by market maker's moves and pull backs, money can be made quite handily. Institutions have bought at much higher prices. Some are long term holders, others are daytraders, observe the trading volume each day.
Pull backs which every one is concerned about is a matter of technical analysis. Which I have repeatedly warn AMES investors. It is, however, a great opportunity for daytraders who knew the technical trend and can take advantage of it.
I am a consultant, so my views are, in the foremost, how the company is running. If the technical analysis is the same as fundamental analysis; then fear of $5 per share is only the beginning. But since the fundamentals are sound, you will have a technical rebound based on the performance of AMES each month. I write, to give management a feedback at their local store to correct any deficiencies as quickly as possible. So far, so good. I am rather encouraged in the fact that year to year comparisons may get better.
As far as institutions bailing, oversold is a long way to go yet. When overbought becomes oversold; then if AMES have a good run this coming X'mas; This pull back will be just a memory. How important it is to keep the company perform better than last year, is my only concern at this moment. |
