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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (13333)	6/27/2008 12:16:26 PM
From: Libbyt	Read Replies (1) \| Respond to of 13449

The fundamentals can help you identify who may move up or down, the technicals confirm it. I wait for the confirmation and don't need to know the fundamentals. I agree with you, and I can see the point of waiting to buy until the technical indicators confirm buying. IMO shorting a stock based only on the technical chart is very risky, especially without knowing the fundamentals of the company. I always look at the institutional ownership of a company, the amount of shares in the float of a company, the short interest, and if there has been insider buying or selling of the company. CALM is an example where someone who was short would have had significant problems. Someone who shorted CALM based on the chart alone in the last year would have had difficulty. Since CALM is such a low float stock, even having a buy stop order wouldn't necessarily have helped since the shares tend to move quickly past any stops.