I was never a big proponent of chart investing.
I view charts as a tool best used for documenting what has already happened and a less reliable indicator of what will happen next.
Because what happens next will depend on the causation of what influences the stock movement, and this movement is often not dependent on, or even influenced by, the stock trend charts.
I prefer investment decisions based on changes to the fundamentals. Following the industry fundamentals, and comparing to the company fundamentals, should lead to knowledge of how the company, and it’s stock, will fare in the market for the future. At least until fundamentals change again.
And that is the big difference between fundamentals and charts. With a chart, how long is the last data point going to indicate the trend? Is it only until the next data point is recorded?
Tracking fundamentals might give you hours, or even days, notice of the change to the trend. Plenty of time to plan and execute a strategy before the new trend develops. You get ahead of the curve and do not need to just react after it happens.
Time will tell the tale of GSPE. There are still many challenges to be addressed, but there have been some rather significant positive changes in the fundamentals in these past few weeks. Hopefully you did not miss them. In case you did, the charts should pick them up in a little while.
As for executive paychecks, someone needs to captain the ship, or it would have sunk in 400’ of water in the Gulf of Mexico. Are you aware that Mr. Seitz and some others do not receive paychecks?
The executives have already passed up a couple of opportunities to cash out and get some of their money back. They have not.
Perhaps that does not mean anything. Maybe it means a lot. Remember, time will tell the tale.
Mrs. Smith
