Hi Pezzimist,
its your money but with the greatest respect your argument about buy and hold is ludicrous.
With regard charts being hindsight - thats ridiculous when you consider that publicly released financial statements are at best months out of date etc.
One of the most highly respected investors in the world makes the point that the great thing about market prices is that they are reflective of all things known (and not officially known). The market is very very rarely taken by surprise.
This market barometer (a chart) displays that sentiment on a cumulative daily basis (which is more than can be said when significant company announcements can be months apart.) Even worse when major shareholders are getting their information directly (yes Patricia, there really is better information to the biggest shareholders. What? Insider trading? Whats that? He who has the gold makes the rules...)
We abandoned ship at the significant support break at 43c (and as you can see from the chart so did LOTS of other people). Which announcement at that point would have told you it was going to 10c ? None. But the chart did. If you understand charts.
But whats the point. You have money to burn clearly.
Personally I am very happy that there are lots of people that rubbish charts. As you so eloquently point out, I need someone to sell to.....
Cheers,
- Forums
- ASX - By Stock
- for fcks sake
PSD
psivida limited
Hi Pezzimist,its your money but with the greatest respect your...
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