Loading ...Mike said that as a stock goes up he grows LESS bullish and as it goes down he grows More bullish…Investors Intelligence was the first to fully develop contrary opinion analysis.
I think he was referring to the fact that the typical investor–who was looking but didn’t buy on the cheap–watches as the price goes up and then can’t resist buying when it’s expensive….
of course cheap can get cheaper–even bankrupt–and visa versa, like Priceline or Amazon…so Mike was stating a general rule, not graven in stone…gold and gold stocks are still cheap and Platinum is right on or near an all time low…there are lots of potential air pockets on the PM charts–such was the case in Dec 2015–Jan 2016…bearish sentiment is about the only thing gold has got going for itself…
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