It's in a down trend and is trading below its moving averages. To go long, you would betting against the house, so to speak.Can you share why?
ThanksIt's in a down trend and is trading below its moving averages. To go long, you would betting against the house, so to speak.
Trading against the trend is a way to either tie your capital up for a long time whilst you await a possible recovery or to lose your money altogether.
Some folks buy and hold for long term earnings and growth
rather than chase taxable day trading margins
A trend set in train by the "crowd" can sometime yield an excellent buy when the trend has overrun
Spoken like a true "trendie" Mr.O .. lemmings also exhibit this behaviour..
Lucky break that they stopped falling.....
Rarely can you get the all time low for a stock but it can be fun trying.