short-term only, SPCT still sets up aok, with close stop below recent low, but it would seem IOM needs more work, not even a base yet, and PWAV, Only when/if it formed a double-bottom near 10., would I consider it, so too high for me here yet, but that's just my 2 cents ....SPCT is the only one I am long here....the other 2 seem to also have too much emotionalism surrounding them, which my "PSYCLE sm" avoids, and there are other, much better-looking depr. basing stocks here, IMHO....but I do wish you well....there are thousands of people still long these stocks, from their highs, many still holding at big losses today, and are therefore just "praying' for a run-up to sell into....the lesson to learn, is, that, their holding near lows, after big falls, actually "causes" depr. bases to form, over time, dig ? this discovery of mine, helped lead to my invention of my "PSYCLE sm" in the 1970's....so, I always wait for the base to form, before I buy anything long...period. (or at least a double-bottom...)
hope this helps, view how AMD looked recently at 17, and out at 25.... see the pattern ? hence my overall significant success over the years.
longer-term, IOM certainly "cheap" around 8, with a stop below....but it may end up being like NOVL, basing for months, before popping ? we shall see.... |
