i've been successful with this stock as a longer term investor and no seasoned investor should have got caught out by the november TH.
it's important to look at stocks with monthly tick charts. so let's look at the monthly tick chart ...
in 2011, 2012 and 2013, this stock made a triple top at just under the 700 level.
i have a rule ... SELL THE TRIPLE TOP. and i did.
a little later, CLOUGH sold out. that meant that the main insider preferred cash to continuing to stake their fortunes to this company.
on october 7, the october tick started breaking down under the low of the september tick. hence on the monthly chart, you had a huge triple top followed by a lower top on the monthly tick chart.
IF THAT DIDN'T GIVE YOU A BREEZE THROUGH YOUR BOTTOM, IT SHOULD HAVE.
even at this late stage, the stock was above 450.
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
