ANI Pharmaceuticals (ANIP)

[macerimmer]

LOL. There was a long while there where if anyone cheered about an upward movement you were quick to point out how bad things still sucked. It's funny to me that the line of "being allowed to be happy" about this stock moving up was finally crossed for you. To be fair, It may be that it tickles me so because I myself have been guilty of this on more than one occasion

I don't consider myself a chart basher FWIW. I deal with historical data for a living, so I understand it's value. Also, I have often lamented on this board that I wish I new more about reading stock charts. That being said, I think that trading based purely on technicals can be very dangerous. A predictive model that many people use in a market can tend toward becoming self-fulfilling prophecy. Which is fine until an outlier/unknown comes along and punches you in the face. One good example of such a face punch might be AMD today. I bet there were a lot of solid technical arguments to stay short prior to earnings(particularly with their revenue continuing to decline), but none of them stopped 1 billion of wealth from being created/changing hands today. I bet there are some sad saps on their way to the bar tonight. Knowing history is absolutely helpful in navigating the present. Predicting the future... Well it is until it isn't. Just my .02

Cheers!