A bad trade? I told you so...

I had my "I told you so" moment back on Dec 22, 2021 on Frencken. I told mooers the stock is showing a double top pattern and this is very bearish. I then continued with other tech growth stocks such as iFast and Nanofilm which showed the same pattern.

Back in Dec 2021, U.S. inflation was already very high at around 8% and I knew that the Fed would have to hike rates aggressively to bring inflation down to 2%. This would cause the markets to crash, especially tech growth stocks.

I did so, not to spite but to inform mooers, so that they can cut and minimise their losses. Few believed me then. Fortunately, after a few months of continuous falls, some wised up and cut losses. The stocks are so bearish that they are still in a downtrend to this day as you can see in Frencken's chart below.