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Originally Posted by FrankMatthews
Originally Posted by finnns2003
You failed to address how people have been predicting an end to their run for years.Originally Posted by FrankMatthews
It's evident by your avy that you are biased but yes that was one of the reasons and i'm sure they realize much more than you do as this is their profession.
There is a liquidation already in progress as his estate needs to be settled, once the family sells what they want/need to you will see the price drop like a rock.
Elliot wave technicians seem to think we are at the peak of a very long uptrend, which means a comparable downtrend should develop soon.
Like I said, this is simply what was passed on to me. Differing opinions is what makes a market of course. I'm not invested either way
So the liquidation of his estate will bring the stock down all on its own?
I can't speak to what a collective of individuals have been saying for years, I was not aware of that fact. Generally, you could pick any stock and find more than a few people
predicting it's end.
I listed 3 reasons for you, none of which are my own research so take it fwiw. My opinion is that the entire market is headed for a steep correction.
I believe we haven't seen the worst just yet. It took nearly 20 years for the world to completely move past the great depression.
You keep waiting for that correction while I keep blowing away the indexes. Like in football, take what the defense gives you. The naysayers have been persistent since the turnaround in March 2009. I hope they're enjoying their losses.