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To: Rarebird who wrote (11652)	8/4/2021 5:32:07 PM
From: Elroy	Read Replies (1) \| Respond to of 26251

I don't use technicals to buy and sell, but I'd be interested when your technical info says Sell SIMO, just to see how it does. I think new all time highs is a very positive indicator, a buy signal, and that's where SIMO is now. It just seems strange that it hasn't been a BUY when it was less than $80, but now that it's above $80, it's technicals say BUY. This part of technical trading I understand (everyone who ever bought SIMO is making money, so why would they sell their winner?), but it just seems strange to be told to buy at the highest ever price. Anyways, I'd be curious as SIMO trades when it indicates Sell to you.

To: Rarebird who wrote (11652)	8/4/2021 7:28:57 PM
From: Rarebird	1 Recommendation Recommended By tntpal Read Replies (1) \| Respond to of 26251

The argument on behalf of technicals over fundamentals is that the fundamentals is already reflected in the chart or being discounted in the future performance of the company. As for UAN, a 50% corrective retrace would place UAN at $38. Of course, the retrace could be shallower at 38.2% or a bit deeper at 61.8%. From its November low, UAN rallied 64 points to the $70 level. UAN is ex-dividend tomorrow. I think you may see short sellers come into the stock after the ex-dividend date. If UAN is the real McCoy, it should resume its rally after the corrective retrace is complete.