Funny thing about charts ... they only tell you about the data which they include. Take that INTC chart and try 1 yr, 2 yr, 3 yr, 4 yr, 5 yr, and decade and one gets several different impressions.
Thomas,
I am not sure that I understand your comment and am wondering if you can elaborate. Seems to me that ANY piece of data or information is the way you describe. I mean, does an earnings report tell you more than "that which it includes". If you read JDSU's reports from 1 yr, 2 yr, 3 yr, 4 yr, 5 yrs ago, do you not get "several different impressions". Or what if you back up and read this threads material a couple of years ago, does it not differ quite a bit in the the impression it gave on Gorilla gaming than it does now? I believe I used to see periodic portfolio percentage updates posted here excitedly when it was going up and now on the way down, I do not see hardly any empirical data on the ability of these stocks to resist the storm. Seems to me that charts are subject to the same differences but have the advantage of telling "what was" and "what is now" without all the emotional bias involved with other more emotionally biased forms of fundamental investing and attachment to positions. I think the slope of one's brokerage account balance (a proxy of a stock chart) tells better than anything else if what they (or the company they own) are doing is actually working and the more time you go back, the better one can see the picture unfold for better or for worse.
Regards,
TS |
