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Strategies & Market Trends : Point and Figure Charting

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To: Don Pueblo who wrote (19054)	4/25/1999 7:13:00 PM
From: Iceberg	Read Replies (2) of 34808

>Hopefully anyone that owns what is a 10 dollar FA stock for 200 bucks will get out of it prior to that point in the future when it starts moving down towards 10 dollars. Until then, making money is the bottom line. TLC, It seems to me that if a stock is trading at 200, then FA or no FA, that's what it's worth. There is no such thing as a "10 dollar FA stock" trading for 200 bucks. If a stock trades at 200, then the FA must be wrong if the FA says it is worth only 10. My understanding is that it's the supply/demand forces of open markets that determine the value of a stock. Period. Supposedly, PnF shows those supply/demand forces, and when supply exceeds demand to the extent that well known PnF patterns develop, then its time to consider shorting or bailing out of a long position. Ice

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