As I mentioned not long ago. I am a TA 'hater'. And I am a fundamentalist. But I think this episode has taught me to value TA as a method of seeing what is going on BEFORE it is announced.
Sad to say. But seems, to my eye, to be a factual, responsible use of TA.
I am still in on the fundamentals (as announced). I missed, stupidly, the falling share price into postive news. I mean falling from 80 cents to under 60 cents on GOOD NEWS was very, very odd.
Generally, I find the falling miners have reason to be falling. A couple little holding I have, have killed me. But a couple big holdings I have had been very solid... simply based on the company and startup performance.
I really think I have learned a lot from this episode. If the TA (trend) speaks against the fundamentals, I will being to question my fundamentals more.
Did 'someone' make money? Well, it is the real world, is it not.
CCU Price at posting:
37.8¢ Sentiment: LT Buy Disclosure: Held