I find TA to be a tool for traders, but have little or no relevance to LTB&H. Pretty much useless, in fact. Not even interesting anymore
You and me both DS, you and me both. Certainly you can trade on patterns from time to time. Trading BRCM has become a leisure sport. But I am getting tired of this preponderance of TA.
NTAP is a great example, there was so much fear of god put into NTAP because of its falling stock price that when I stepped in at $35 to buy some it was the most frightening purchase of my life (and I bought my first options ever on the then FUDded to extinction RMBS in January 2000 - that move was a cake walk in comparison). Every TA guru on this thread and elsewhere were screaming its tanked, its tanked, don't touch it.
One day later, suddenly, its "under accumulation."
Then I read things from TA people "no fun being LTBH in this bear market of 2000-2001."
Which of course the proper response is to just buy at or near the lows on a fundamental basis and laugh to the bank in 2005.
Frustrating thing is that the TA guys will still be living in the same shady neighborhood that they still live in so you won't get the satisfaction of seeing them druel as you move into your new, larger digs, in the Hamptons or locale more pleasant.
Tinker
Yes, life is tough for the LTBH.
In particular if you hold dominant market leaders, with sustainable advantages, in enormously growing industries, which are virtually guaranteed to continue exponential or near thereto growth for a decade or more. Tough not to make money at any buy-in point under such circumstances.
Disclaimer: Anything that helps you find better entry points for a stock is great, wonderful, and valuable, I just find worthless, once you bought in at a great spot all the commentary that "if it takes out resistence at $40....." |
