Without getting too philosophical I would disagree. The psychology of the punters plays a big part depending on the history of the stock. Of course the smarties are well aware and exploit this. For DTers it helps to have an idea of what is moving the stock as far as sentiment goes.
But you did say one way or another.
You don't want to forget about the 'good' stocks either. There's a lot that have crazy uphill charts. NEA, JIN, EXL
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