Thursday, September 11, 2014

mstx

top chart is fixed
the chart below it updates



same deal, lots of rising tops and bottoms in the three month chart. same extremely speculative fundamentals with a touch of esoteric knowledge to the story, sort of to put it mildly. very speculative type 20 year chart, but, a line, and then in the shorter term, here, signs of a bottom. flatness, for one thing, and then flatness above flatness.

oops! we just saw that, and then it went down. but this time it's bigger. yup, that's true.

what the heck is my theme, here? rising tops and bottoms suggest a bottom is forming, or has formed, because a bottom has to be well developed to produce them. Finally, I'm seeing which charts represent developed bottoms. And then I look at the fundamentals and consistently find at least evidence it is something quite big. One company says they're building a brand, and are going to be as big as coca cola, yup, that's what they said. And they're in the lumber business, so it's not like they're just copycats. Their CEO is super dynamic, and they have also sorts of stuff actually going on, even though they are very much just getting started. Another company is pursuing something very flighty, outrageous, actually, riding this crazy wave, and then has roots in, of all things, iron mining in India (and, my take, a fortune in that business). A third company does extremely high level formulary work, or at least, I guess that's what they do, and is running multiple clinical trials. That's this MSTX. I don't expect a huge bounce, pretty much more of a double ...

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