Thank you for the quick reply Er0ck.
I think even though we are on the same team, we look at things very differently. You obviously champion the FUNDAMENTALS of this
company. And I am more of a "trend" follower based on the
TECHNICALS of the stock.
You: "First of all charts don't lie, but they also don't tell the truth either. What they provide people with is raw data. In this sense they are non-bias, but contrary to your statements, they are full of "maybes, what-ifs" etc..."
Truth? Who is talking about truth? There are stories behind each
candle rise and fall - but those things belong in the FUNDAMENTAL realm and do not concern followers of the TECHNICALS.
Anyone who studies charts knows not to buy into
a stock that DOWNTRENDS. Because there is a reason for the
selling. What it is - IS NOT IMPORTANT. Just from seeing a lot
of red candles, you would know to stay away from it.
Er0ck, you believe in KATX as a company but if I am hearing you
correctly - you are saying DO NOT BASE YOUR BUYING DECISIONS
ON WHAT THE CHARTS/STOCK IS SHOWING BECAUSE THAT IS AN UNRELIABLE
INDICATOR.
I am saying: "KATX of course has good fundamentals - I just don't care about that. BUT DAMN, WE CAN SEE THAT THE BUYING OF IT'S STOCK IS OVERWHELMING THE SELLING. There is a clear trend there. So let's put our money into it."
You: "One thing is for sure, we are not in a "up trend" as you stated, we are in a down trend. We have been in a down trend since the end of may, roughly. We had an "up" week, but the overall trend is down."
Buddy, zoom out your focus...why are you starting in May?
Start from Nov. 2009 and try to look at this stock from a longer
perspective. It doesn't count to look at it that way because it is a PENNY? I mean, you are a LONG right?? Our time horizons
should not be based on anything less than months I hope.
No matter what we believe in, I will only wish your Account
Balance grows.
bardamus
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