In the room after hours yesterday, someone asks :
"what tools do you use to trade"...
"what is your trading style"
I replied: "Valuation ...you know --->flying piggies etc"
They scoffed and replied "ROTFLMAO" (nice open minded group)
* I also went on to mention also as well that I had followed
earnings strictly and business trends constantly
for 4yrs ongoing , and that
helps alot too <gg>
As an example for them , I mentioned your call some weeks
ago on the SOX visiting 480 , and after that on to 360.
To explain it a little further :
" if OJ is telling you the SOX is going to 480 , and you
are currently at 560 , and quite plausible downside risk to
360 , then it allows you to calculate what certain Semi's
will be selling for when the Indice hits those levels...
the downside from SOX 560 "
All of a sudden , in a flash OJ ...i think they
finally got it . Funny how people don't get it until
the market finally reaches the bottom.
Then they go "Oh , I see it now ".
Valuations and current & projected earnings ...they are
kind of important <GGGG>
PS: You handed people the BTK on a silver platter too...
9 days in a row , a fade of PDLI has been good for 2-5pts.
Before last earnings , PDLI was good for 12-14 days in a row , fade, from those former highs.
(We already knew what the GSO.X software index was saying<g>)
So another good trading method , is channel trading , or
trend trading ...if a stock is in a trend ,down or up,
you trade the trend & mine it like a gold mine ...
the trend is always your friend ! |
