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Re: IU post# 191

Sunday, 05/09/2021 9:39:50 AM

Sunday, May 09, 2021 9:39:50 AM

Post# of 439
I do not look at fundamentals as I worked as an accountant for several companies during my career and how each one did their reporting was different though legal. The long range chart tells me what I need to know. I have sold stocks for over 200% profit even though their earnings were doing down. Then there are stocks whose earnings have been steady going up and yet their share price has stayed in the basement.

Splits are a different story. If a stock has had one or two splits over a long period of time and the chart is not wacky I will consider it. If the chart is flatlined I will change from all data to ten year to check its formation. I prefer charts that are longer than ten years.

I do at times compare outstanding share count to daily volume average just to see how it is trading per volume. I came across one stock that in one day traded double the OS count, of course the price shot up big time. I use this just for my information and not a factor if I buy or not.

To sum up, if the long term graph does not grab my attention, nothing else will.

Hope you have a great day.

I2000

May our up days be many and the down days few.

Fada cónaigh agus brabach.

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