MPW - Probably the bottom
Updated
MPW has had a rough 2 years. Not only facing a fed that won't stop hiking, but various FUD and shorters that are eager to short this into the ground.
It is providing long term investors with a picture perfect setup if your time horizon is multiple years and you like collecting yield.
My notes are on the chart, but, this is probably the best buying opp in years. The yield down here is also very attractive with a 50% retrace.
Very possible it goes deeper, but there's many technical reasons for a bottom to form here.
Obviously all bets are off if we get a limit down nuke to hades from the indexes.
I'm down bad on this at the moment from April 2022, but I've been reinvesting and lowering my average entry for the last 3 months at this point.
It's a fire sale and I'm not selling here.
It is providing long term investors with a picture perfect setup if your time horizon is multiple years and you like collecting yield.
My notes are on the chart, but, this is probably the best buying opp in years. The yield down here is also very attractive with a 50% retrace.
Very possible it goes deeper, but there's many technical reasons for a bottom to form here.
Obviously all bets are off if we get a limit down nuke to hades from the indexes.
I'm down bad on this at the moment from April 2022, but I've been reinvesting and lowering my average entry for the last 3 months at this point.
It's a fire sale and I'm not selling here.
Note
Good startNote
better startNote
arguably a quarterly tweezer bottomNote
Note
Dividend cut. Not ideal. We shall see how it plays out.Note
oof
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