ENGY - Enviro-Energy Corporation (ENGY)

[growacet]

The problem with Fundamentals in my opinion...
As I see it, when they are comparatively at their best the share price tends to be at or near it's high...when they're at their worst the share price tends to be closer to it's low.

That's why I tend to shy away from fundamentals, except as a contrarian indicator. Frankly I consider fundamentals to be of least value on the OTCBB, that's my opinion.

That's not to say fundamentals don't play a role...Investors wishing to buy when a stock is trading at or near its lows need shareholders willing to sell at or near the lows. Because so many investors put so much weight on fundamentals, many will be willing to sell at or near the lows based on the fundamental picture in my opinion.

The same principle holds true for selling at the high, just in reverse. Shareholders wanting to sell at or near the highs need investors willing to buy at or near the highs. And again if the fundamentals are strong many investors are willing to buy high.

So, given my opinion of fundamentals as an unreliable indication, what is one to do? That's where, for me...technical indications in general and price volume moves specifically come into play.

Its a risky way to invest...and I don't reccomend it to anyone, but it is my MO.