Globalstar Telecommunications Limited GSAT Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.84

-0.5%

1:51 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JGoren who wrote (4952)	5/30/1999 8:35:00 PM
From: RMiethe	Read Replies (2) of 29987

JG: DJane does an enormous service in posting from so many sources, and for that I am very appreciative. The technical chart service DJane quoted 3 weeks ago for purposes of information (DJane has never expressed an opinion on the chart service) said Globalstar was a "buy", when the stock was $23. Now the same service calls it "under distribution"-- when the stock is $17 11/16. "Under distribution" is a polite way of saying it is being more sold than bought. Aren't you glad you didn't buy the stock 3 weeks ago when the technical chart service cited called it a "buy"? That's my opinion of the value of technical charting. It has yet to make me money. The problem with technical charting is the very simple one of: when everyone knows what the "technical picture is", you can't make money. Why do I say that? Money is made by possessing information the other side does not possess. But in the case of technical analysis everyone has access to a chart, everyone has knowledge of what the chart says (as opposed to inside information or some unknown fundamental that only a few may actually have knowledge of). That's why I have never understood the theory behind technical analysis. Presumably if someone sees the chart before someone else, and every investor in the marketplace is a chartist, believes in charting, then that is how the money is made. But think of it: if everyone in the marketplace is a chartist, the stock price would never move, if everyone had access to the technical chart equally and at all times. Why? Because money is made by one investor at the expense of another investor's lack of that knowledge. But in this case, everyone has knowledge of the chart. That's why I have never made money from "charting".

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next