Downside to continue for AEB?, page-22

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06/03/18

18:30

Post #: 31568098
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Originally posted by zolloz ↑

Well obviously you are a burnt holder and also need to get over yourself.

Yes, I bought in a couple of months ago before it had it's first run purely as technical play as AEB was about to break its 120 day MA and I sold during those two days it had its run as anytime a stock goes up over 100% it is bound to come back down.

I have now bought back in again after doing some research but basing my decision on technical analysis which is showing a good entry signal.

I use technical analysis to time my entry points but also do a lot of research on the fundamentals of the company to give me an idea where a stock might head to by comparing it with market peers.

AEB is still an early stage company but has good growth prospects, it is quite diversified with multiple avenues to revenue and in regards to other medical marijuana stocks it is now undervalued.

I don't care about what AEB does in the long term as I won't be a long term holder.
I trade to make money, and there is money to be made here plain and simple.

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@zolloz do you mind sharing what your entry signal based on TA is? Appreciate, that you are a short-termer and so am I which is why I find it infuriating when wise grumpy old men who spend their lifetime analysing and posting purely on AEB keep saying, I told you so. @milwarpa - great post on calling who you see it. Could not disagree whatsoever.

AEB Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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Downside to continue for AEB?, page-22

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects