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Gold/Mining/Energy : JAB International (JABI)

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To: Eric Freeman who wrote (3017)2/17/1998 9:51:00 PM
From: DDS-OMS  Read Replies (2) of 4571
 
Eric,

You said to me "...it is unfair and not objective on your part to continue to argue about this stock..." I wasn't arguing---You stated twice that there was no evidence of accumulation--and asked: "If anyone out there has buy signals then tell us specifically. What study, and details, so we can replicate or dispute it. Specifically Jeffery - have never been able to come up with chart that says any sort of accumulation taking place."

I gave you 5 specific indicators on acc/dist--4 of which said accumulation was occurring over the past couple of months, and the 5th that indicated accumulation when Jeffery and I said BCMD had turned. I don't hear you "disputing" this. Matter of fact I answered you and asked 5 specific questions--none of which you bothered to answer.

You have played "chicken little" on this thread for almost 4 months--over and over saying the sky was falling. You were wrong every time until the last 2 weeks. On 10/28 (post 608) you compared BCMD to Bre X and advised to sell. Over the next 3 weeks, BCMD went UP 134% from intraday low Oct 28 to intraday high on Nov 20. On Dec 1 (post 1755)you picked the exact low (75 cents) to give a warning "the chart looks weak"---again over the next 7 days the stock went up 83%. So, for the past 4 months you have been constantly saying the chart looks weak, the stock is going down--and finally the broken clock appears to be right.

I really don't give a damn--except that now you want to be vindicated for 4 months of being wrong with your faux TA. There are 2 basic types of technical indicators--Trend Following and Overbought/Oversold indicators. Anyone who uses only one category of these (you listed solely Trend Followers?), rather than both, flat doesn't know what he is doing--regardless of being occasionally right. The ONLY time BCMD chart looked "weak" is on and since Feb 4 when the rebound that started on 1/28 failed.

Your stated 20 years of experience in playing junior gold stocks has undoubtedly given you good insight on how these stocks move--just don't use some simplistic TA to justify your insights--especially when the most YOU ever say is "the chart looks weak"---endlessly.
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