During the week i had a friend ask me about AUT, i have no idea about the stock so i opened up the chart and i was blown away to say the least. I then said are you in? he said no i want to get in... then i went mmmmmmmmmmmm
I trust charts and they are what i use, If people love the fundamentals happy days and you can stick with the stock but all i can say is if the price comes down you should be happy as you can now buy more? fundamentals still there?
Markets are driven by buying and selling and more often than not emotions can really play a big part in this process.
Anyway some things i know is that generally a parabolic rise in a stock only ends in tears and i can give you countless examples of this but one stock sticks out to me and that is ARM as it is similar price and i remember everyone raving on about how good this thing was near the start of the year and yes it did go to $1 and AUT could easily do the same.
One other thing i need to mention is that i have not included a couple other things on the charts. The recent move up for AUT is also a 200% move of the last major move up so something else to consider.
Anyway im not in and never have been in either stock but just my humble opinion and just remember you need to 'sell' to make money on the stock :P
ARM
AUT
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