I have no doubt your correct more often than wrong .It wouldn't hurt to buy into some value stocks with a long term hold in mind.This account is not tax free ,therefore in a few months the vast majority of my DEJ shares will be considered long term ,taxed up to 15% by the IRS. Swing trading stocks with a non tax free account could be a nightmare at a possible 25% tax ,even 28% tax for certain investments like gold bullion. IF you stand to gain a lot in one investment ,say you cashed in and now owe up to 15%,you now have the ability to take greater risks with your profits.If they go badly ,you'll owe less tax.If they go well ,then you have more money to pay more tax but your lions share will be at a reduced rate.The greatest value investor is of course Buffet.He made the greatest mistake of his career when he sold Petro China. He paid too much attention to the value of the balance sheet and not the net asset value of the products. That's what I'm doing here .Continually changing the asset value with little regard for the price until it meets or exceeds the value of the companies assets. Most buyouts are overvalued. Tech Analysis can be useful when you buy and at that time when the price is around the value of the companies assets,so sell.