Coupla more things. By your profile, I see your man is Doug R. I don't doubt his experience, but when I was reading "56", the picks they had that made out were strong fundamentally anyway, thanks to tips from the Sergios, Instock, et. al. RECY did well, HURC, also. Metro One, ATPX, & BOSCF were all crap, despite repeated euphoria over them being ready to go to explode. I don't doubt the efficiencies provided by the "blender" but I do doubt it's blanket applicability to every stock dropped into it. This is not an indictment of Doug, nor TA. The picks I got from "56" I dropped at slight losses, and the experience, in part prompted me to delve deeper into TA. To see for myself, just like the claims of do your own DD.
I'm finding that TA has to be tailored to each issue. Certain indicators fit on XYZ, but not ABC. Indicators need to be adjusted to provide the best fit over the past if they have any chance of predicting the future. Even then, they're not guaranteed.
TNRG is a dog penny. Management's strategy is an enigma. It does however get incredible attention from the herd. I'm playing that with some TA. Note the pop 2 Fridays ago, to 16c. This is actually part of what I was waiting for; I was expecting higher. It occurred on the day there should have been news (based on previous Fridays) which is what I suspect others were anticipating. Maybe that's why it petered out early. I didn't recognize it for what it was, so missed my exit for a gain. Oh well.
Anywho, good luck. Sorry for my length. Play w/bigcharts.com & iqc.com, 2 sites with some free TA. I'm using Window on Wallstreet w/DialData downloads. The fees are becoming well worthwhile.
OH yeah. Let me know what you think of the BBands. LB |
