Then let's call it thorough chart gazing. AMTX, regardless of the fundamentals, has made a top at 36 and is a clear reversal formation - again, regardless of the fundamentals.
I would remind you that the chart pattern INCLUDES the investors' general outlook INCLUDING their knowledge of the fundamental data, ie., a chart, while not revealing fundamental data per se, does reveal the influence of fundamentals. That fact is inescapable.
To put it another way, AMTX has dived in price and this move has been contrary to the fundamental outlookfound here. If you believe as many do that the markets tend to make the majority of the people wrong most of the time then I think the handwriting is on the wall.
Again, no ill will. I found this same type of reaction in the CUBE forum while CUBE was in the 40's and everyone was saying 'buy buy'. I said that CUBE sees the 20's. Well, it's not there yet but its going that way.
Good luck,
Jim |
