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Strategies & Market Trends : The Art of Investing
PICK 46.27-1.4%Nov 13 4:00 PM EST

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To: Sun Tzu who wrote (10469)10/31/2025 1:45:14 PM
From: Sun Tzu  Read Replies (1) of 10585
 
FMC is another example. It went below the green rail in late September and again a month later. In both cases the green rail was drifting lower, which is always a no-no. Think of all the poor souls who bought it thinking that this is a respectable company that they can buy and hold and that it is just drifting lower.

Never buy something that falls below the green rail.
This stock has to gain 400% just to break even to the start of the year. And that is in a bull market. Imagine it in a bear market!

I didn't own it, but I am looking at it as a potential bottom fishing expedition.
But first it has to climb above the green rail or the rail has to slide under it.
I am not touching it while it is structurally weak.

PS The stock is now down 90% from just two years ago!



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