Technical Analysis - Beginners Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis - Beginners

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ExCane who wrote (7847)	1/17/1998 2:14:00 PM
From: Richard Estes	Read Replies (1) of 12039

I look at funnymentals as icing on the cake. It is nice to see earnings growth, IBD EPS>80 to convince someone to buy it at a higher price. But I have never seen anything in funnymentals to correlate with price movement. Group strength does mean something, based on price. Analysts don't know the difference between shinola and ...., so that might mean you should stay away from it. you say chart looks like a buy, for what period of time and why? I think bottom is about 23 right now, but time changes things. Who knows? Personally, I don't like to know anymore about a stock than the chart,and IBD rankings. Most often I don't know what company does. When you begin to let externals get in your mind like news and what someone says the wimps of wall street are doing, you take your eye off prize -- PRICE.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next