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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (42559)	8/6/2002 11:54:32 PM
From: Nemer	Respond to of 53068

No, Dan, I don't want to argue the semantics of "value" LOL at the BOTH of us ..... I'm just going to point out a few things from your post and make a statement on each ... >>>I'd have to say that his opinion doesn't have much value (pun intended) because he would only know that a stock had value after the fact ok .. that is fine and I agree about the way you deduce what the author had to say --- I say, however, that the value on the way down is much less than the value on the way up .... and --- this is MOST important ---- when one is long ---UP is better >>>> You won't make any money if you pull up a chart after the fact and say that a stock had value two months ago since it went up 50% during that period. dang it, Dan ---- whyever would you think I condone waiting TWO MONTHS to make a decision to purchase ... I have continually stated ----- buying going up is NOT a sin for which I have to go see a priest .... ggggg >>>>, I don't use it to predict stock prices, nor do I think that anyone can use it that way consistently well, sir, I do, and have done it for a long time ... where we differ is you assume that when I make a decision based on my info that it is etched in stone .... heck NO ... that is what I use stoppers for .... I say again --- there is NO SINGLE time to make a purchase ---- I feel my method of taking profits out of the middle of a run is by far the BEST FOR ME .... >>>>>TA will work. If the market gets choppy, which is one indication of a bottom, and which often happens when an equity gets to an extreme, TA doesn't work well because you get whipsawed all over the place. It will take a whole lot of whipsaw to equal riding one down and down and averaging down when the market doesn't agree with the purchaser's value price. >>>>>As you said, one definition of value is today's market price. However, that definition doesn't help you decide to buy, sell, or hold it does FOR ME --- what it the world do you think I'm saying when I post the words sell buy hold, Dan .... I've said over and over I ONLY look at symbols ---- ONLY so, therefore, it must mean that TA doesn't help YOU to buy sell or hold, for it certiainly does me, as I've fully evidenced by posting .... >>>>> TA and FA have their flaws. on this we agree in the highest manner .... --------------------------------------------- now, a lurker or a casual visitor, or even perhaps a person who has not been on the Zthread for the past five years with us MIGHT think that we're having a spat or an argument or a fuss ... NOPE --- I've learned a great deal from SI and the Z in the past ... and I feel a duty to attempt to share some of my hard earned knowledge (not wisdom, just ideas) with all here ... ------------------------------------------------------- I started off waaaaaaaay back in 1954 with a months worth of hard (cause it was HARD to come by back then) fundamental analysis on my first equity buy ... and read and read and read and studied a lot for a long time ... I now firmly believe, FOR ME, in this day and age of instant communication that FA is outmoded ... the computer has killed it for the small guy. All anyone has ever done, that I know, is to try to "gain an edge" on the rest of the equity world in obtaining superior knowledge about a stock ---- those who can read the multitude of reports, who pore over the accounting papers, who attempt to read between the lines ----all this by using FA are, in MY opinion hopelessly out gunned. TA is standard and all too many times a whole bunch of folks use it and it can become self fulfulling ... and when it goes sour, they are mystified.... just as the FA folks are when their info doesn't have the stock go where they think it should. It happens that my "stange and unusual" TA is slightly different from the standard. I'm a wierd, fat. bald old man ---- that I won't debate --- but, I have no difficulty in changing my mind ... --------------------------------- but, on this matter of value, we both have posted enough, so we can leave it alone. You buy when and what you think is a value and I'll buy when and what my charts lead me to believe that I can have better than an 80% chance to profit..... and as to "this bottom" --- it matters not to me whether it is "the bottom" or not .... I'll hope to make a profit trading, no matter the direction. I'm glad we don't have to holler and scream to "argue" .... but, what the hell ---- you can't help it if you're an Aggie, ----- hehehehehehe *(thass a joke, son) ROFLMAO again, thanks for being my friend t

To: DanZ who wrote (42559)	8/7/2002 7:27:15 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

>>>TA is really about following trends or using chart patterns either to lower risk or predict moves before they happen isn't that the exact point? we all know that many people are pureists, ie, they base every move either 100% on F/A or T/A now for the very short term I would argue that T/A is superior and for the long term F/A is but a combination of both makes a lot more sense if one has formed a belief based on the fundamentals as to entering a position why not use T/A to tell you when and possibly at what price to push the button I just don't see why the two methodologies are mutually exclusive