"but in the authors defence, he probably made that posting thinking $26 was about to be broken and the month close at the highs."
But it wasn't and nor was that qualified as if that event was yet to take place - known baiting technique seen here often. He said it was "explosive" when it wasn't. Simple stuff.
Overlay that sort of rhetoric in an ASX company announcement context.... "we have funding"... a few days later "oops sorry, we thought we had funding but thanks for diving in, feels like a good time to CR".
I disagree with Gwydaer on the useful of TA (people over complicate TA looking for a panacea), but his argument about them baiting people with 'hype are hope' is perfectly on point. Those sorts of people need to be avoided at all costs.
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