A.I.M. Users Bulletin Board

[Neil Scott]

Hi Undertakr
I am a contrarian, buying the unloved but it can be dangerous and they can be down for a reason, despite what the balance sheet says and the director pronouncements.
I seem to be swaying back to the Technical Analysis reasoning that all the collective knowledge is in the share price (as well as fear and greed) and also the saying that irrationality can more often than not outlast your solvency so being right is no good if you get wiped out.
It would be interesting to see how the accounts at Enron were presented to see if the clues were clear that the company was heading for the cliff of if they had been disguised so that only the really savvy could have picked up what was going on..
After the recent Credit Corp performance my trust in management is diminished.

regards

Neil