Quote:
Originally Posted by ahnuld
fwiw someone posted an excellent writeup on valueinvestorsclub saying AOII was a huge short. they posted it tuesday.
jist was AOII had very little competition in the 40 market and everyone and their mother is competing in the 100 market and AOII is going to get reamed.
Hey Ahnuld. I haven't read that particular article, but I have followed this stock for the past few months, and every analyst and their mother has either a bearish or bullish pick on this stock. Because of the information overload, it's literally impossible to know who is correct and who isn't. It's like ESPN analysts arguing over who will be leading the Super bowl at halftime. New England? or Atlanta? Too impossible to predict.
Personally, I have no opinion whatsoever, but thinking from the lens of a trader, I think this stock is excellent for traders who trade momentum, since this seems to be a stock heavily driven based on "mob" psychology.
This may be one of the few opportunities where it may be wiser to utilize technical Analysis over fundamental analysis in order to spot good entry and exit points that trades in the same direction with the overall investor sentiment.