I wonder how many shareholders will act on this piece of advice??
If you ask me, this is all voodoo science. Why is a descending continuation triangle pattern a bearish signal?? On what basis does an investor think that "a price pattern" is the determinant of future price performance??
It's like having asb say: "the price is going down cos I said so"
There's no rhyme nor reason, yet some people will act on this bit of wisdom.
Oh, well, each to their own.
It's been a rough period for us longs, and looks set to continue for a bit longer.
There's only so many walks a GXY investor can take. Guess I'm off for another!!!
GXY Price at posting:
$1.97 Sentiment: None Disclosure: Held