I'd put more faith in the technical analysis if we were in the middle of a quarter and the upcoming report weren't so significant.
Lewis,
Clearly, you make a good point. Nevertheless, I have to put my faith in the market and what it is telling me. Unless one is a consumate insider, protected from the SEC's rules through whatever means, one is not likely to be privy to all that happens with a stock. I have no idea why Borland has moved up this week. Although I can speculate like I did about the Oracle announcement, I only know for sure that Borland's move is happening and on increased volume. Consequently, I believe that the market (representing the synergistic whole of all Borland investors, both longs and shorts) knows something that I do not. If I wait for the news to be published, then it becomes old news, and I probably will not benefit from it. TA provides me the opportunity to be an 'insider' without any specific knowledge. It works (if I interpret them correctly), and I intend to follow the lead of the charts. They are sometimes wrong, but more often they are right on the money.
Sam |
