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Re: dmlabuda post# 29655

Tuesday, 06/12/2012 11:44:52 AM

Tuesday, June 12, 2012 11:44:52 AM

Post# of 95629
With respect dmlabuda,, when you came through on MAY 8th a month ago with chart analysis for PHAR sp was .001 @3/4 mil as of this posting its .0006 @0 volume.

Charts are tremendously valuable and i use often ,even on some "shady" companies, so i do believe you in general.

In the case of PHAR, unless you put an asterick stating + or - accuracy of chart 100%, IMO you are leading people to trust in a wave that will drown them. I notice you dont use a default of trade at your own risk, not my chart analysis.. All should know that rule of thumb, but too many sadly dont. Some traders will take your word as written in stone because you do have a good knowledge od charts if company data is not ready to fall off cliff any day that contributes toward a degree of accuracy in chart reading.. PHAR ,AT PRESENT is like PALM reading and IMO thats unfortunate, because it could have been a great ride on waves.

You might not agree , but i firmly believe you have to totally throw out reliance on chart alalysis , when after a year the wave looks like a waterfall in the overall health of trading .

With detailed research by many, for the bulk of traders have conluded that all PRs have been fabricated to bump SP, so the investors needed that follow charts IMO have seen past , concluded that with zero change in transparency and willingness to change BUSINESS MODEL TO RIGHT THE SHIP. SAME OLD SAME OLD in latest PR of we are IN NEGOTIONS WITH,,ARE DISCUSSING THIS, RESEARCHING THIS, INTEND TO which is over a year old saying now, IMO the charts are out the picture as data needed to produce a reliabe trend or analysis is 100% innacurate.

There are some stocks you get burned on by ignoring current DD, resort to chart reliance, this has to be one, no matter how you trade.
GLTA