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Saturday, April 14, 2007 6:22:23 AM
but seriously you better mention to him about the 504, might throw his t/a right out the window....had a very similar experience with his predictions on eqbm, which turned out to be a disaster for him on a couple daytrades. And a nightmare for everyone currently!!
fundamentally his pr cycle theories work in some cases not in others, and one thing that is not very fair to his analysis or reputation is when folks ask him to profile a stock and he is not given adequate or accurate information to start with.
In this case make sure he knows about the 504 shares and the manipulation by the third party info from blue shoe's causing the problems on friday, that information will affect the outcome on those days.
again while the pr cycle ta is good a s a rule of thumb it is not an end all beat all ta, not a panacea. Since i ran across lowtrade a few months ago I have been following the board and predictions and have found a few other ta methods and theories to be far more accurate overall. However I have found his strategy to be highly accurate when looking at a story stock that is pr driven and fundamentally void.
That being said I would seriously warn anyone investing using that technique solely. You need to do much DD and use all TA AVAILABLE!!! Put it all together and never rely on one strategy or one article alone. Even lowtrade himself will likely warn against relying on his stuff alone.
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