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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE
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To: David Smith who wrote (1836)1/26/1998 10:39:00 PM
From: lazar921  Read Replies (1) of 2377
 
Mr Smith...I am in complete agreement that some of the "TA" done here is questionable at best. As you stated, any serious TA applied to thinly traded $2-5 stocks is absurd. Firstly, these stocks tend to trade in a narrow range, AND w little vol AND spreads on such "micro-caps", the entry/exit needs to be perfect and LUCKY. If positions are taken out by "professionals" prior to making recommendations to clients, it is called "running ahead"...which is, by the way, illegal. In this forum, however, one can not be stopped from creating hype about a stock only to have one's followers push his position up while he bails. The chasing of 1/16ths and spreads and averaging down on rumors/what-ifs on these stocks is financial suicide. Little posted here is "REAL NEWS" and should not be treated as such (it certainly isn't by the mkt). I think the countless hours spent posting and creating what-if scenarios w "TA" is a waste of time. I would wager to say that if one invested in say, PFE, which has split this year AND pays dividends, and sat and HELD he would have a better return than chasing burger joints around for a 1/4 pt tremor.Sitting and Holding is not my style, but chasing thinly traded companies w bad % spreads and suspect fundamentals and historiesDEFINITELY is not my style either. SI readers beware.
Mr Smith??? Agree?????
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