thanks, I am glad to help you....but one of many keys, is to learn, that 95 % of all the "things", which even the professionals have been led to believe, might help in future price prediction, have rarely ever been of much help in historical reality...so I don't use those.
this, of course, upsets 95 % of all people, because, as I said, this runs counter to what people wish was true....if fundamentals "were" of directly-useable-future price-predictive-value, then anyone acting on good or bad assumed "news", would never lose, but this has rarely been true the last 100 years....the best news always occurs near tops, and the worst, near lows, so, at least, one must go contrary nmore, yes ? so why let that stuff into one's brain, if it does not directly help predict the future price of a stock ? dig ?
but enough PSY-chology....the fact was/is, that SMSC, and others techs like it, were in easily identifiable depressed bases, a few months ago, and have risen as expected, to reach previous resistance levels....in a way, it is/was that SIMPLE....while I am often able to predict these moves, (with close stops, and diversifying properly, in case I am wrong, which of course happens on occasion), I use almost NO fundamentals, NO earnings, no "news/stories/scenarios", and have no emotional attachments nor reactions....
so, sorry, but I do not employ the supposed "hard lfacts" you may be trying to use, because I know their value has been very questionable, this century... sometimes they work, but nowhere near as well as "pattern recognition" of charts and human behavior....you seem sharp....I am sure you will be able to glean how I do this, given some time....
good for VL, this time....but they have been vastly overrated the last 25 years, in fact, and I wonder if, around 8.00 on SMSC, they were also bullish, as my "PSYCLE sm" was....doubt it....I have also noticed, they often rank an issue 4 or 5, right near it's lows, and only raise their rating to 1 or 2, way after it has already risen a ton....I have been in the markets since 1971, and have seen and learned much, that few other people do not know...so I share what
I can, gratis, for other's benefit...I truly "buy long, low", and
"buy puts high"....with stops....in proper industry groups....that's pretty clear....
as I said, feel free to check the many other depressed tech stock I have correctly caught near their lows, the last several months here, on S.I......and if you are interested in maybe learning how to do this, I am available....best wishes, |
