Dear Sue - as I ve said many times, I can't predict the future <G>. To me, candlestick charts are short term TA tools, they can be overriden by fundamentals. I am holding DSTR for I believe it has a wonderful concept to exploit and if mgt can execute well, it will go far. However, I am wary of the momentum traders who would pump a stock up so fast that the stock becomes too hollow too soon. If so, I will exit. But since DSTR thus far has behaved according to script, I m staying put. For a low price stock, 13% move is not a whole lot, especially if you see it with the backdrop of the spike that has taken it to 3 9/16. I don't know if [or if not] the correlation exists between earning and 1/8, but if we are to look at the chart, a longer term TA has suggested that it is making a higher hi and higher lo. So, if one is to believe TA is the totality of history [including the psychology of investors,] we are still ok.
Hope this help
regards, B |
