Sarissa Resources Inc (SRSR)

[marketphile]

I'm a Dow Theorist, which in a nutshell means that I believe the price action is king. It knows more than I could ever hope to. In my view, FA analyzes only fundamentals, while TA analyzes both fundamentals and investor psychology. Yes, in the opinion of us Dow Theorists, TA is actually a superset of FA. Many will disagree, but there you have it. :)

And I'd say SRSR is a prototypical example of a successful TA signal. When the stock broke out of the long consolidation formation at the beginning of April, it was telling us that good news was on the way in the form of the Hawk report. The stock went up about 700% (if you count $0.07 as the true peak, which I do) which is a substantial rise. Now we have to consolidate as the MM's have their fun. Such is life on the pinks. In the long run, fundamentals trump everything, but short-term anything can happen, especially on an unregulated exchange where MM's can naked short with impunity. I'm in this for the long-term payout, so MM games don't affect me much. We'll get there in due course...