To: kili who wrote (2794 ) 6/3/1999 7:45:00 AM From: Lola Read Replies (1) | Respond to of 7721
Hi Kim, sorry about that... I meant no harm. Those figures are based on TA (just not my TA). I have a technical alert service and the TA forecast does change as you obviously know much better than I do. When I trade, I like to use a bunch of different types of methods, and often a combination of methods. TA is a very good and accurate way to trade and you can't often go wrong with that approach so I understand what you mean when you say I have ventured into 'offensive' territory. Sorry, I was just having some fun but the numbers I posted are based on TA and I think they're fairly accurate. I've used this TA service for awhile and they're pretty good. Also they've revised their TA again and the numbers look even better now. But I won't post them as I don't want to tick you off again. I've had people argue with me that these numbers can't be based on TA, so there must be some other reason this is going to happen. What the hell do I know but I think that the activity in the stock is based on more than just TA. TA can fairly accurately pinpoint what will happen but the targets change up or down as more information becomes available from the trading activity. As you know alot of good news has been released by the company and that has just as much impact in my opinion as does the TA. Events change TA. Trading activity based on insider knowledge can also change the TA. How did some guy know the stock was going to 50 when it was 15? Well he probably had some insider knowledge. But that's not me as I mentioned previously the insiders lips are sealed with crazy glue and they wouldn't tell me anything when I called them up previous to the run when the stock was still under 18. But I bought it anyway. Some people are pure TA traders and others trade based on events or some people (crazy people like me) trade based on their gut feel and sometimes even using the love calculator. But gut feeling is, is in my opinion, a combination of some knowledge of events in the past and events which might occur in the near future plus a small amount of knowledge about TA. I have never studied proper TA but I can look at a short term chart of a stock and have a fairly good idea about where the stock might go in the next few days and weeks. But there is always another element combined with that limited TA which helps me to understand the stock's movements. I can't tell you where a certain stock might go in the next hour because I have no idea, I'm not a true TA person. But I have fairly good luck with event based short term trading. I think one of the things that make me a good position trader is that I understand a little bit of the math and a little bit of the psychology and can use the two combined effectively. +++ From here down the message is a joke so please don't be offended: There's another method you might want to consider. It's called the FIFO method. The FIFO method goes like this, it's based completely on hype(lol) created by a group of well organized and scammy individuals (I'm sure you've seen some of those on SI). The FIFO method requires that you take a position in the stock before all the hype starts. While all the innocent fools are jumping in and chasing the stock up to the sky, you jump out at a ridiculously high price. Then you unbookmark that thread so you don't have to read all that whining by the people who you just screwed out of their life savings. FIFO is a term borrowed from the electronics industry. FIFO = First In First Out. LOL! Do you understand that method? It is the most effective way to make the most amount of money in a very short period of time. Actually, the shorter the amount of time the more money there is to be made. Every second you wait to sell, costs you much more money. Also on the TSE, if you wait 10 minutes while this activity is taking place... you stand a pretty good chance of losing 100% of your investment. That's because the TSE will halt a stock for any old reason and indefinitely if they feel like it and they do it often. Before any news event, the stocks are required to be halted on the TSE. This is so that investors can be protected from criminals and others who trade based on illegal insider information. I hope you enjoyed this explanation of this last method because it is the one most frequently found on SI boards. ++++ The FIFO joke message ends here. Lola:)