Strictly Buy and Sell Set Ups Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly Buy and Sell Set Ups

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: - with a K who wrote (2739)	3/12/2005 10:08:40 AM
From: chowder	Read Replies (2) of 13449

K man, RAD and PVN were two stocks that taught me fundamentals didn't have anything to do with price action when the technicals said something different. These two stocks convinced me to forget about fundamental analysis and focus on supply and demand, money flows and volume. These two stocks had horrible fundamentals yet I traded RAD a couple of times with an excess of 100% returns each time and I rode PVN from $3 to $14 where I finally cashed in. It was about the time the fundamentals for PVN warranted a trade, yet I already had a profit in excess of 300%. Larry S. was trading RAD and PVN at the same time and we shared several comments back and forth. He can verify. I've already showed a chart with long term money flows and trend analysis. This chart will show long term relative strength is getting into bullish territory and OBV will clearly show long term accumulation is going on. In spite of not having great fundamentals, RAD is showing strength in a weak market. In the spirit of full disclosure, I'm already overweighted a position which I bought back around $3.50. I'm already up 14% on that position and I think it still has a way to go. The long term chart just this week indicated it was a buy. stockcharts.com[h,a]waclyiay[d20040112,20050312][pb40!b20!f][vc60][iut!Lb14!Lg]&pref=G dabum

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next