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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (5481)6/25/1998 11:14:00 AM
From: the Chief  Read Replies (1) | Respond to of 11676
 
Hi Sam. John doesn't get it. I have harped to no end that TA is as good as toilet paper on "event driven stocks". Once the "event" (NR) comes out and the stock moves in one direction or the other, some portions of TA apply. In fact daily volumes and price swings are just as accurate as any "fandangled" scenario using BB, MACD, etc. etc.

TA is valuable on stocks that are based on EPS. I f you have no EPS you have no value in "advanced" TA. Fundamental analysis is the only thing that wil give you clues in a non-EPS stock. Everyone to their own opinion but,
I am with you when you say " All those bolinger bands will fly right out the window if this drill season ends with diddly shit ,we need one good NR to see this thing fly nothing else will do ,and why would it fly if some dumb set of charts says it will"

the Chief



To: Sam who wrote (5481)6/25/1998 12:33:00 PM
From: John Paquet  Read Replies (1) | Respond to of 11676
 
Sam; cuz the chart is the market, and the market tells you everything. You know that market discounts every thing including those who possessed of the greatest foresight [insiders of course], and the best information and events, the market discounts everything known, NR with pots or pans or NR with didly shits, market will tell you everything, for example, during the first 2 weeks of May, DML chart told you that the first NR no longer supported the high hope of that pots and pans then DMl down to .95 a few days ago.

But now Dml trading at the range of .95 to 1.08, actually, within that narrow range between .96, 1.04 but some days it will break away this range, then the market will tell me which way it would go for sure, you see. If [I said IF] DML breaks that 1.08 with large {i MEAN significant large to convince this Mr. John Paquet] then I will buy more at the market cuz why the market breaks that up end range of 1.08 and volume suddenly increased significantly.

As I say all along, nothing in this world, any methods, TA, MACD, BB, or Chart Analyis, any ideas is infallible. But.... you know what but... right?????