2-5 years ago, I have asked a friend of a mine who is an independent director of London Biscuits if the stock is good to buy. He said NO. The smart money are only interested to manipulate stock prices and trap retailers. This counter is severely undervalued, and IF this cycle low is not misinterpreted, it should continue going up... Can buy, hold and pray and collect dividend for long-term.
Let look at their fundamental, Revenue increased but profits decreased . Not really a good investment but should be ok for punting. Recovery is a matter of time. i will collect. if drops will collect more.
Technical wise, a stock do not have a good market outlook, any side way and rebound ( at that time we treat it as reversal ) could be consider as a BULL TRAP. If all indicators are lagging, If so why should display it out ? MFI might be a leading indicator , might be ? well mean you still not sure , this is the worst part at Chart TA , when you are even not sure about which indicator you are using. Well sure there will have no 100% perfect indicator, price bars and volume is just a must have in a chart not an indicator.
Indicator was just one of the add on in the chart there are so many indicators which one to use use all ? well for me is better use 1 which suit us , too many indicators will only make us lost our way. my 2cents view.
Monday, June 3, 2013
