Andrew, if you note the rise in fund and institutional buying over the last 3 weeks, you will readily perceive that the"smart money is already investing... that, and the fact that the stock has obviously been being accumulated. Note the consistent overall rise in price over the last week. The drop on Friday was a trader's selloff. Not what I'd term "smart money"... just quick money.
When a stock has been clobbered the way ACRT has been over a few months, it obviously will sink below it's longterm trendline. On it's way back up, it will cross it. When that happens, the conservative investors will jump all over it. At that point, it will also become a CANSLIM stock again, and the real "smart money" individual investors will flock to it. Then it will hit it's highes in a hurry.
No offense, but, ACRT does not need a " big 6" accounting firm. It has no need, at this point, to establish credibility with anybody. @ months of lies, slander and negative accusisations failed to produce even a hint of wrongdoing within this company. There will be no doubt in anyone's mind when the next earnings come out, in a few weeks. For you, and the conservative, and the timid, the large advances will already have been missed. Good luck. |
