Replies to post #34294 on Drinks Americas Holdings, Ltd. (DKAM)

[LOL]

It's called the law of probablility. 80-90% of the people on these boards use charts, what does a chart predict, nothing, it shows the past, and the people viewing that chart expect that the past will repeat, they look for patterns. That goes the same for people that use fundamentals, they look for patterns. If sales of a company are continually going down, that's the pattern, and until that changes, those people don't buy. If the company continually says one thing and does another, that's a pattern, and people use that info to base their buying and selling on. Right now DKAM hasn't come through on alot of their promises and has horrible financials, so the fundamentalist will be waiting to see that change. the chart doesn't look that good either, chartists are waiting for that change. Hence not much buying at the present time. It's up to the company to turn this around or the share price will suffer.IMO

[Toxic Avenger]

If you're suggesting that the Lions are more likely to have a winning season next year, or 2 years from now because this one was so abysmal, then I'd have to disagree.
I would point out that they've had losing seasons for the past 8 years, culminating with this year's winless season. In this case, history has been a pretty good predictor of the future. What makes it more interesting is that unlike companies and stocks, a losing season actually provides a slight advantage for the future because of draft picks.

In DKAM's case however, one would expect that those predicting much higher prices, would be both buying and encouraging their friends and family to do likewise, slowly but steadily increasing the price.