This stock is a textbook example of long term basing followed by breaking out and historically delivering returns.
1987 - 1991 it consolidated then followed with a 550%+ return from breakout to peak
1996 - 2004: 450%+ return from breakout to peak
After 15 years we're seeing similar action seen in its previous major basing periods. The stock is now revisiting former all time highs set in 2007 after developing a massive cup and handle basing structure, all while the major indices are down -20 - 30%+
Good example of a multi-year hold (assuming no violations).
1987 - 1991 it consolidated then followed with a 550%+ return from breakout to peak
1996 - 2004: 450%+ return from breakout to peak
After 15 years we're seeing similar action seen in its previous major basing periods. The stock is now revisiting former all time highs set in 2007 after developing a massive cup and handle basing structure, all while the major indices are down -20 - 30%+
Good example of a multi-year hold (assuming no violations).