Stitch;
What was that from the EXPERTS that the specialist doesn't pay attention to us pipsqueeks? That he is keeping an orderly market, nothing more? Sometimes, you wonder, huh? Am I going on another tirade about specialists? I guess, I am. That TA is a bogus practice like Astrology? Maybe and maybe not?
Listen, there will be plenty of opportunities coming up this year. I see their pattern on the long term chart and it resembles previous patterns. This year the trend is up and the fact that Luxco is one of them encourages me to believe, without much doubt, that their going to reinflate the stock up like a balloon. Bear that in mind. Last quarter their earnings were nothing to speak of but the stock climbed more than 100% from bottom to top. That's not an accident. True, the earnings this time, are very encouraging but it only serves as a backdrop for what the real story is. It's all theater.
As Yahoo has proven. The fundamentals have almost nothing to do with the price of the stock, in the short run. Less than 2 yrs. Longer term they do. Jump back on the bandwagon because it still has a long way to go. You have already made a profit. So, you won't make as much but there is still plenty more to be made. You don't have to be able to call every pit stop or turn in the stock's price. Buying on a pullback feeds the ego but trying to second guess the specialist is almost impossible. The trend is your friend. That's not rocket science.
In spite of the tirades about specialists I also recognize that there a times when it is beneficial to side with them. This specialist group is particularly, shrewd. It's taken me almost 2 years. to get a handle on them. What I see is up, up, up for most of the year. Let me know what you do.
PHOTOMAN
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