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SNHY Sold ==> 72 consecutive winners for $$$MR. MARKET$$$
SNHY hit a bottom of $21.7 today because it missed earnings estimates by $0.01! I think that it is undervalued right now compared to its growth rate. Go SNHY.
I think this stock will start its steady climb back up within the next couple of weeks, if not sooner.
Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
Calling Spike! Calling Spike!
Channel long (drawing it from Feb 28 low) on SNHY? Also see breakout of intraday cup at 22? Do you bite or pass?
BJ,
I am going to throw this chart up so that Spike can corrrect it. Perhaps I can learn something. So here's what I see:
Channel long on both the daily for the last six days, as well as from the Feb 28 low. If you have guts, you buy it, set the stop under the low of the day, and hang on. It might work because SNHY has just murdered investors the last two days. Look at those two long, red volume sticks standing side by side. Haven't seen that on a SNHY chart before. That might mean the party is over for a couple of weeks--or months. And yet I see that as a positive for this stock. Maybe the selling is over. More likely not.
If it were me, I want to see a double bottom come along. Or at least, some kind of signal that I am not cathing a falling knife.
But remember: this is just me talking. I want to hear what Spike says.
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