Re: New tre news...................
in response to
by
posted on
Nov 22, 2010 10:08PM
Edit this title from the Fast Facts Section
ok.
Still your statement that fundamentals beat technicals is not always dependable.
That is like going on a car ride across the country and knowing there will be plenty of gas stations along the way ( fundamentals) without paying attention to the gas gauge ( technicals).
Right now it looks like TRE has a ways to go lower until at least the end of December.
TRE has been depressed for three and a half years where it went down 80%. It is still down 30% and until it exceeds its old highs it is suspect. These are only facts and it does not matter what the business plan is or what the announcements are the fact is TRE is choking right now and it is going down.
Hopefully things will change next year but right now TRE is chasing its tail and we will soon see if it is going to crash again. You simply cannot say to trust the powers that be when the stock crashed so hard for 3.5 years.