Originally Posted by
Baa_Baa
Did I say that or what, just yesterday. Some Heart on another forum reckons they've spotted a Cup & Handle in the chart formation and its break out (up). Go figure, use google if you have to. [ok, bring on the abandoned babies nonsense, lol]
For a 'sharetraders' forum, there's a lot of non-traders frequently weighing in on ATM, mostly wrong - selling early into the SP rises wondering why it's still going ballistic, or standing on the sidelines watching and lamenting, or having no skills to figure when it's topping and taking profits, or when it's bottoming and taking a new position. Traders own this share, have done for some time, especially momentum traders, or those who just buy the bloody thing and do nothing forever, they have and will continue to do very well.
It doesn't happen often but it's happening here. If nothing, open one's mind and enjoy the lessons, there are plenty.