Post by dg on Feb 5, 2009 10:57:38 GMT -5
The question now is: is it too late to enter? With 20/20 hindsight, we'd love to have placed our money on LOPE during mid october 08. But who would have bought it then -- based on what strategy? And who would have held at first weakness in december (up 35%), or at year end (up 60%) or when falling from up 70%?
Who enters now after a 50%+ rally over 3 months old? Are you basing your buy recomendation solely on the upward turn of the 200 day ma, or do you have additional rationale for believing that the growth trends will continue significantly? (LOPE might be entering the right shoulder of a head and shoulders pattern as we speak).
Who enters now after a 50%+ rally over 3 months old? Are you basing your buy recomendation solely on the upward turn of the 200 day ma, or do you have additional rationale for believing that the growth trends will continue significantly? (LOPE might be entering the right shoulder of a head and shoulders pattern as we speak).