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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: profile_14 who wrote (102019)6/3/2008 11:15:14 AM
From: chowder  Read Replies (1) of 206121
 
Profile had asked me about TSO a few days ago. He had already taken a position. He follows the fundamentals, I don't. To me, the technicals show me when the timing is right to buy or sell. For those who follow the fundamentals, they can get a better entry, but still get the timing down, like Profile did.

Based on the technicals, this was my analysis last week regarding TSO.

>>> I think you are in a good position with TSO. Earlier in the month we saw what looks like a climatic sell off and I am seeing some institutional accumulation in this price range. Buying volume has been very good. Price hasn't risen much to coincide with that buying volume, but we still have some overhead supply coming to market. Demand is absorbing that supply well so far. <<<

Message 24636487

Those who combine FA and TA should have even better results because of the timing which allows for better position sizing.

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