With all deference to Ron, I also have to say that I could never recommend that a 'beginner' to technical analysis initiate themselves at the shifting (quick) sand of the pink sheet market.
I'm in awe that anyone can be successful with BB stocks, but its just not a place for people new to technical analysis, or to self-mutilation in general.
Clearly the ibank that pumps, er, distributes the deal can be successful. I wonder if they have a Perfect Trader system?
Dislaimer, my wife is a software architect for a dot.com that hasn't dot.bombed, yet, and their paper trades (is that what they call the process?) on the BB.
Myself, I just am not that happy getting into any stock that doesn't reliably trade a million shares a day or more, and in my old age I now don't bother with anything trading less than 4 million shares daily (as measured over a year).
Except for a couple energy stocks, and I scale the position smaller.
Ohh, I have never watched this Bloomberg TV on the internet before. They keep harping on about money flow indicator. Clearly its the number one tool in the world, infallible and perhaps useful for the HindSight 20/20 Trading System. I'd better go patent it quickly. |
