Replies to post #14272 on Aventura Equities Inc (AVNE)

[BigAl61877]

It should only be used as a tool.

[kermit42]

They have a fair accuracy rating, BUT you cannot match their gains because they give themselves credit for buying at the low and selling at the high--something a real trader can rarely do. And when confirmation comes in, they give themselves credit for taking action when the "if" was posted, not when the confirmation was made.

I find American Bulls to be of limited use. Sometimes I'll look to them to confirm something I'm already thinking, but that's it.

[Darth Trader4]

One other thing to keep in mind is that they post their "sell at" and "buy at" at the highs and lows of the day. Rarely will you be able to move in and out of any stock with a decent position at those levels.

It is one tool to watch though, I agree - especially as many DO watch it.

edit: Just saw kermit's post after writing this - what he said.