Someone just asked me to look at AS. I'll look at as been broken for a while. A lot of traders got caught in all of their favorite names that made them millions of dollars and gave back millions of dollars versus being tactical.
Um, you know, if you look here, it's like it's such a such an education. Like there's such an education looking back at charts and knowing when you could have um adjusted in the moment versus too late.
You know, a lot of people loved ESTs. I remember back here when this was in this range and what a fun time that was when it got above 31 54 and then, you know, went as high as 129 and then F and then I remember I was long here when it did this failed breakout and I had a decision to make.
Am I going to get out? Am I going to just cost average in? Am I going to be stuck in the mud or am I going to get away from it? My rules say if it's below the end 21 day in a momentum name that's a visionary name that doesn't have much earnings and has a PE in the moon anyway.
You either got out there or you had to wait as soon as it broke the 105. Yes, maybe you didn't sell the top, but wouldn't you have rather have sold 105 or even when there was no rally, the the tech sector was at the highs and this couldn't even rally a dollar and then it broke 60.
So PS, you did get a little red dog reversal here. So you'll see what kind of bounce is it up today. I would hope it's up a little bit, giving some people a little bit of follow through.
You're up a dollar. Yay. But look again. Last time it rallied, you had a little 4day move before new lows. I guess you'll see, you know, what kind of rally happens this time.
