Stock is on sale today for the holidays 11% off. I have watched and written ideas on this stock for a long time. My underlying theme is patience. The news that they were idling a plant and laying off workers is consistent with management's story over the last six months. From a chart perspective we held above the first breakout level and I think that's significant as it filled a gap that makes sense. Hang in their and look at this is a time to add to or initiate positions. Forest through the trees. The underlying message I took from the press release was that they were working on their strategy to improve the efficiency of the company and provide shareholder value. Long term position for me.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.