Quote:
quote:Originally posted by Phaedrus
Yes, an optimist might say that, and continue holding. But a realist would observe the 2 year sequence of lower highs and say "MHI has been a wonderful growth stock in the past, but it has gone nowhere for over 2 years now. I am so glad that I acted on the SELL signal that was posted back in 2004 on page 3 of this thread".
This break of the long-term trendline is no more and no less than the confirmation of other, shorter term trendline breaks. There is now only one warning left should MHI continue to show technical weakness - a break below the previous support at $6.60. What would an optimist say then?
Ouch?!