Kirk's Market Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts

COHR 139.93

-10.7%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: #Breeze who wrote (19919)	8/17/2024 8:58:24 PM
From: Kirk ©	Read Replies (2) of 26484

I don't have data to back up this, but I think it is rare for a test of a low after recovering over the 50% Fib level... certainly the 61.8% is rarer. As you say, odds favor a new high but if we go back to the lows... I think we'd ring up more fear. It doesn't matter unless I take profits first but my buy back price might be below the Aug low. We'll see. You have the VP talking about price fixing that failed in the USSR, Venezuela and places like Oakland and other chitholes with rent control... so anything can happen depending on politics out of our control. I saw a news piece the other day about a couple complaining of rats in a chithole apartment in Oakland where they had all sorts of crap spread all over inside... and it turns out their rent was something like $780 a month! You'd think the owner could barely pay property taxes on this and yet they act like the owners should "fix up the place."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next