12/11: update to the update. again, still don’t know what Altria Group Inc. does. but I do know how to draw a trendline and it bounced off it and now IF it breaks below it on a daily close THEN it should go lower.
your 150 paged EBITDA, P&E, fundamental report complete in one chart. Pardon the sarcasm. Got hate mail on @stocktwits for this one also … it’s comical.
sometimes you eat the bar, and sometimes the bar eats you. https://www.youtube.com/watch?v=aPVLyB0Yc6I
Bart
11/4 – update. again, I don’t even know what the Altria Group Inc. does … but I do know that parabolic velocity can only hit a certain Ps=0. What the hell does that mean? Well it’s the VN diagram when fighting a high performance fighter. You see at ANY given time in a fight you have a certain airspeed, altitude and G that will give you a turn radius and turn rate. In order to NOT give up energy you wanted your sustained rate of turn/radius to stay constant …. if your going to rip the g’s on and get a really powerful turn RADIUS going then your going to give up energy…. so you better be right OR your going to have to UNLOAD and get energy back and that will make you arc like an albatross. Get it .. Ps=0 might not be the best turn rate or radius but you know that your not giving up any ENERGY.
MO … tons and tons of VELOCITY but guess what? to get that HIGH of a price and go parabolic “it” had to be all in and a certain point you ain’t got “no moe thrust” and it stops and falls.
is this the top? I have no idea, but having been in many many 2 circle and 1 circle fights you learn to SEE how your enemy is doing/reacting and this puppy ($MO) gave it ALL. It’s time to UNLOAD (go down) and get some more knots (ENERGY) up to make another run …
watching this one, a move down into high 40’s not out of the question …
first stop SHOULD BE the top of that read trend line …
Bart
spent some time in the Navy and, one time, we (two seat Tomcat) decided to “see how high we could get from sea level” off the coast of SOCAL. So, we lit the afterburners and got going pretty fast and then the pilot smoothly pulled back on the stick and very soon we were pointing 90 degrees nose high and climbing like a bat out of hell. Pretty cool … and we kept climbing and climbing and finally (you could hear the TF30 engines grasping for any air) topped out around 55K feet or so … you could see the curvature of the earth. The ECS (environmental control system) was working overtime trying to keep the cockpit pressurized and …. we simply couldn’t go any higher, even w/ the engines going FULL GRUNT AFTERBURNER, it simply stopped.
guess what happened next? we fell like a stone … just left the hands off the controls and that was it … we had exhausted the power of the Tomcat to go any further …
folks, same thing happens w/ stocks. IF you can get into a pre-parabolic move based on your decision criteria (technical or fundamental) then ride it and go w/ it …. however, once you “sense” the parabolic stage then take some money off the table. I’m going to say it again … they have NEVER ended well. and depending on the size of the motor taking you straight up – it will eventually fail. Gravity is real in both a physical and subconscious way. Subconscious? Yes, the euphoria of the monster bullish move and the despondency of the bearish move will, eventually, yin-yang you and take off in the opposite direction.
here’s MO … were either “here” now or close to being parabolic. stay tuned …
continue to make it a great week.
Bart
