Replies to post #48105 on Rennova Health Inc (RNVA)

[Trueheart]

Well, there you go. If you're right, you sell before the thing implodes, you've made your dough. There is no regard for the traders caught on the downside, those losing their money because they've assumed the risk. At times you'll be on the losing side but if you're nimble and lucky you'll make money money on most of your trades.

I wonder if at times over the long run you're trading dollars with others here who trade the way you do.

Trueheart

[bar1080]

Academic studies suggest that trading based on charts doesn't work. Some T/A-based mutual funds have been tried over the years and failed. Buffett, the greatest investor in history, doesn't use charting.

Of course, junk stocks such as RNVA adore chart players who create volume for Rennova corp to dump shares into. No one would buy RNVA based on fundamentals... including its own CPA from what they say! Ownership of RNVA by institutions is nearly zero.