- Joined
- Mar 10, 2010
- Messages
- 27,446
- Reaction score
- 40,530
$ML is like that for me. Been watching it forever. I used to own the SPAC that bought them. Knew it would drop after changing to $ML so got out.I mean, sounds great but the chart is just horrific. It's just like SFT and many others in my watchlist, there is no bottom to be found or signs of any reversal at all.
They are down over 50% the last 3 months. Keep waiting for a bottom. Thought it was 6, then thought for sure its 5, but today is closed at $4.44. It got as low as 4.07 which is its 52 week low.
So I want to jump in, but think it will be driven below 4, then I will hop in. Earnings are not until 03/10, think it will make a run closer to earnings, but I am trying to time the bottom.
It was down 7.5% today, volume is decent, so trying to figure out when to pull the trigger.