Jerome, you may want to reinvent the Ziddi indicator, another contrary indicator that led a bunch of people to ruin following IPMCF into bankruptcy...(VBG).
By the way, right now I happen to be long on VECO, and if I believe correctly, if you look back into these posts, I have been bullish on VECO since about $37, I only reentered at 64.5 because I was busy with other contrary indicators (VBG), and missed my reentry at $52. Oh, my exit point for this trip is $85, or better, just another 10 points or so.
Zeev
PS, Ian, a first class investor in the semi's "took me" as a contrary indicator on RMBS, selling at $93 just as I was buying in again, this cost him the run to $172 in less than a week... (VBG, and no intention of arguing with Ian's selections, I got some very profitable ideas from him, like MTSN in which I did quite well, despite leaving a bunch on the table) |
