MPW- The Charts Are What The Charts Are

10月11日

We knew nothing about MPW until it popped up in one of our stock screeners

After analyzing the chart we quickly realized that the price structure was extremely bullish and was pointing significantly higher over the next year and a half

No need for a long explanation of the Elliott Wave count

And we can assure you that we couldnt care ONE BIT about the fundamentals

In fact we cant tell you anything about the fundamentals because we didnt bother to look (no seriously we really didnt look)

Why didnt we look?

Because SENTIMENT is the ONLY thing that truly matters (that and volume)

A price chart is simply a reflection of how the collective feels about a stock

That feeling includes feelings about the fundamentals

So if the price structure is bullish and impulsive then that means the collective is essentially bullish on the fundamentals...therefore there is no need for us to go look at the fundamentals and ascribe some value to it

But who knows...maybe we are wrong about this one..but then maybe we arent

Lets see....

10月11日

註釋

Forgot to include that we have a standing order for 200 shares at 5.01

Just waiting for price to come back

Not financial advice of course