Well its a funny old typo isnt it, Phaedrus. You appear to have made the same typo three times in one paragraph alone . Back to typing school perhaps so that next time you mean 3.38 your fingers dont mistakenly hit 3.40. I've tried to do it and its not all that easy.Quote:
quote:Originally posted by Phaedrus
That is what ought to happen here - SCT should find support at $3.40. A clear break below that would give a Sell signal.
SCT is a good stock with good fundamentals. We techies are counting on the fundies to provide a good solid floor of buying support at $3.40. You should see todays drop as a market over-reaction and as such, presenting a buying opportunity. If you guys fail to front up here, I will (sadly and with regret) begin unwinding my position.
K1w1, on the fundamentals alone, do you consider SCT to be worth buying at $3.40?
Clearly you have read the posts on this thread and you never before corrected me or others when they have referred in their posts to your resistance level being at 3.40.
Is what a fundy would call an "I've reviewed this on being challenged.The resistance level on the graph is 3.38 not 3.40 as I mistakenly assumed in my earlier post" called a "typo" in techie speak ?
As for the SP I recall on day 1 last sale was 337 but there were sellers at 335. These were picked up by buyers on opening of day 2. I accept what you say about no sales on day 1 at 3.35.
If any share that I hold drops 10% in a short period that is significant TO ME. I don't think it is yet illegal for fundies to hold this viewpoint despite your disagreement with the proposition.
There are a lot of us fundies who were in this share early Phaedrus, not just techies. I am not in fact a MVT about techies at all. I am just giving it a robust shake on a share I have some interest in. I am sorry if I have ruffled your feathers as a result.
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