OT: my experience re timing, TA etc...
First, Mike, Tekboy & others, thanks for the "food for thought" over the weekend. (I was by the pool all weekend and missed participation :-)
An example of my "not sophisticated approach" :
- 10 years ago, I started buying HWP stock every quarter as a % of my wages. (I work for HWP).
- the stock has been down/way down/up/way up over those years.
It never occured to me to think about "doing something about it". I just "let it run" and kept buying every quarter.
10 years later, the funds I put in, have yielded returns I am more than happy with. And I didnt spend time monitoring daily/weekly/monthly stock prices. Matter of fact, if I hadn't checked the price before starting this post, I wouldn't have known, it was around the $130 mark...yippee!
(it'll probably go down with the Agilent distribution, and thats fine). (and HWP is not even a proclaimed Gorilla).
net of the above IMO : hold for the long term, dont sweat watching the ticker tapes, and you are more than likely to have a decent ROI.
re TA : I'm an ignoramus on it, but I do believe that TA has no way of "predicting news from a company", and often its news that moves a stock up/down. TA will react to the news, until the "next news item", is what I understand.
cheers, kumar |
