The Meaningless Top
This is a great example of how a stock has a personality by way of how it has behaved in the past. Take Costco (COST) as an example. See the nice, neat topping pattern on the leftmost side of the chart? Notice how it didn’t amount to anything? Well, that’s precisely what just happened again. I had puts on it but got out at a small loss Thursday when I realized that this thing is just too robust, as it has plainly demonstrated in the past.
Simply stated, the economics of the company’s growth continue to be irresistible for investors.
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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
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