thanks....to all: appreciate the salient comments....just to reiterate, my "PSYCLE sm" concept is still 75 % long-existing, repeating technical chart and ind. group patterns, and 25 % long-existing, repeating patterns of media, human nature, behavior, etc., but, again, I employ little or no fundamentals nor stories---hardly ever--- even if they might be for real--- in my timing....but that's just my way....
SKM just had another recent perfect S.T. bottom pattern, for pot. rise from under 5, to over 7., and now, as y'all said, has pot. overhead resistance around it's 200 day MA, as I mentioned in my recent buy post, when around 5., so, unless it "backs and fills" a while, that area could still be resistance....
second, it also had the same type of bottom pattern when I originally gave it when I began this thread, and it had similar type of price rise after, back then, and out....but I agree with you all on many points....it's all about one's personal situation, goals, risk, perspective, etc....one person takes the quick "40+ % x 2 on margin" gain, while another nice person stays in for more potential after a pullback...cool....
at least we all agreed on the $ 5. and lower cheapness of it's stock ....will keep in touch as necessary, best wishes, |
