rrufff
I have a great deal of respect for you as one of the more level-headed IHub posters, and I regret I wore on your patience with my first post on this thread (which I have been following from the sidelines for some time now). It is precisely because this is “…a speculative stock that can be manipulated by MM's…” that I believe TA is of value here. With TA, we are dealing with hard numbers, and that is something I can appreciate. The fact that a stock opened and closed at a certain price on a given day is indisputable, and this is reflected in the charts. I believe that charts are of value because the best predictor of future behaviour is past behaviour. This certainly applies to humans, and as the whole concept of support and resistance in the stock market are arguably psychological phenomena, stocks as well IMO. I find discussion of facts infinitely more valuable than wild speculation as to how high the stock will go when the audit is released, not knowing the results of the audit or if indeed it will ever be released. While I do not always agree with posters such as penny_ta, to whose post I replied, I respect him as a very knowledgeable chartist and believe that this sort of discussion is healthy and should be what these message boards are all about – an exchange of ideas. That being said, I will henceforth restrict my TA-oriented postings to a “TA playground”.
Best of luck with your investment.
zb
AI
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