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Hello to all:
I bot PUFF last week after surfing SI looking for bargains and I think I've found one with this company.
Check out the price history chart for PUFF. Whenever it reaches its support level of $1 it has always moved up in price to $2 to as high as $3 plus then back down to $1 again then back up again. Looks pretty predicatable. See for yourself.
I've used the same approach on only one other stock that I've been following for the past 3 years, CLCDF. It's price moves are even more obvious. Although with CLCDF, you have to be patient but it follows the same pattern over and over. If it drops to 1 1/8, it's a screaming BUY and when it moves up to $2 plus it's a screaming SELL. I guess folks get pretty thristy during the summer months and during the month of November when the price surges occurs.
Anyway, if PUFF followings it's past price patterns, it should be moving back up to $2-3 dollar price levels again for no other reason than it has before. Remember the investor's war cry, "Buy low sell high?
But do your own DD. All this is just MHO and my own observation. I don't use this method with any of my other investments but when I see a price pattern being repeated over and over again then I see a lot of profits can be and will be made. Oh yeah, check out the past volumes on the two when they went up in price. Interesting indeed.
For PUFF and CLCDF to move in such a way, do you really think I'm the only one who sees it happen?
Hmmmm...good question.
10,000 shs X 1 1/8= 10,625
10,000 shs X 2.5= 25,000
profits $14,375 +comms.
It could happen?
Happy Thanksgiving folks!
Franco
If anyone else see patterns in other stocks, please let me know.
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