Wayne,
I'm not proposing any heavy debate here (!) What I was thinking is
that TMAR (and probably SFY) seem to me to be buy candidates because
they are in a "recovery" situation and their FA's seem great (and I'm long
both as a measure of my belief). Now, I will almost certainly be
right about them rising in the longer term, but what I'm not so sure
about is the precise timing of any major moves.
My interest is in how good the stochastics are at predicting the upward
moves. My instinct tells me that yesterday was a good day to buy (hence
my post on Monday evening). At the moment the stochastics don't quite
agree, though your Tuesday response suggested to buy TMAR on a $20
breakout. TMAR touched $20 a couple times yesterday, and might meet
your criteria today.
So I guess what I'm interested in is a "workshop" analysis of TMAR for
the next few days to see whether my instinct or the tools provide the
best info ! At a mimimum this would help me learn the value of the
stochastics in a recovery situation, which is my preferred, medium
term investment.
FYI - I think SUNW had run out of steam, and that your call of a few
days ago was right. What screwed things up was a very positive analyst
report on Friday - i.e. on the day the trend should have changed.
This caused the rise, and volume, on a day which should have been a fall.
Mark |
