FSM, you are correct. I choose to follow the TA because ignoring what the market is telling me is at my own peril.
If the market is perfect, I have no argument that the instrinsic value will emerge in due course.Investors and traders have different time frame. Ignoring the potential and focusing on the past alone is to ignore the most important aspect of the market.In a certain way, I am following my instinct. I have been successful on PBG in the past and had more than my share of luck these few months on PBG.For the short term at least, relying on TA has guided me. I could ignore PBG and turned to other shares. To do this is like looking somewhere else when it is in our backyard all this while.
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