Ted Warren's Investolator Message Board

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Strategies & Market Trends : Ted Warren's Investolator

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To: investolator2000 who wrote (1260)	5/12/2023 10:36:49 AM
From: robert b furman	Read Replies (2) of 1795

Note the volume drop on the second bottom @ 3 ish. Selling is drying up a good sign the stock is in strong hands. Love to see a complete return to new lows. Insiders like to buy up shares just before a rise in the price. A wave of corrective wave down ended in 2009 B wave of corrective ended in early 2012 (last chance to save some losses). Then the long and drawn out C wave down after a large blow off distribution top at 140 in 2005! Once we see the C wave form, one needs to count for five waves or a complex 3x3 or 3x3x3. Fairly clear 5 wave into the end of 2015. X wave into mid 2016 and another ABC. Looks like this recent C wave started around beginning of 2020. So we need to go to a shorter term and see if we 've had five waves down. Those kinds of moves are huge and take many years to regain strong ownership! It has been long enough - well past Ted's 6 year minimum needed. Good looking chart! Note to file today trading on a breakout to $4.12 as I type. Here's where you get excited if it has a back test to the breakout which does often happen. Recent high in 2020 June 10th @ 4.93 , if bought at today's 4.12 would be a 20% move to the next level of resistance. Pull back to $3.50ish would be a huge gift! Just look at that final shakeout 7 days ago to $3.04 . Insiders have total control and are sitting on a 35% runup in 7 days. That's how you do it! Think about having 50,000 shares (average cost of 4.00 and being upside down for months). Your position drops in value by 33% and causes the last holders to capitulate and 7 days later you are above water on an exciting run up. Do you sell out - some will. But it is far from Ted's 6 times minimum. This is where you buy an additional 5,000 shares. It doesn't hurt your average and it is waking up and hitting new higher consolidation levels. Consolidation = more movement later! Possible half million dollar position with 220,000 investment. Don't need too many of those in a lifetime. I like this chart - AND they pay a 12 cent dividend..12/4.00 = 3% yield on cost. Being paid to wait! What's not to like! Some great sleuthing Balti! Bob P.S. time to check out the FA!

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