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54.5¢ slater & gordon limited

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Krispytech

4,431 Posts.

04/09/16

22:37

Post #: 18921588
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Originally posted by Krispytech ↑

then one needs to follow the chart.

One sees a structure developing in the chart

and then use fundamentals to verify that.

Then take a position long or short.

Following fundamentals purely can prove to be a financial disaster.

People say oh fundamentals look OK in the long run.

Well one may become bankrupt or die before fundamentals prevail

and the stock price turns around.

This applies very well to SGH.

Many bought at the top and considering the story and fundamentals then.

Look at the chart. It was telling a story.

More over one can never know all the facts/fundamentals and

to top it all one can never know market reaction to a fundamental factor re a stock or market.

Go the SGH chart now.What do you see.

I see long term average flat lining.

I see price also making higher lows.

I see ascending triangle formation with higher lows and flat line at the top 68.

I also see triple bullish divergence in MACD.

Now chart says a bull case is developing.

You know fundamentals have been as bad as they could be except SGH going bankrupt.

So what do you do know.

I leave it up to you.

Rememeber though there are never ever any guarantees in the markets.

CONFESSION.
I am known to have lost a lot when i ignored the charts and followed my emotions and fundamentals.

This message came to you as a special favor from master of masters.

I have ignored this only to realise big losses.

PS.
AG'S aides, consultants did lot of fundamental analysis of UK business . So did 7000 lawyers too.

Only to make SGH bankrupt nearly.

HAHAHAHAHA.
U got the message i hope. U got the IQ to understand it i hope.

Expand

I am very happy with what AG said.

If i was in his place, i would not have said

one word different than what AG said.

Keep smiling,as always.

SGH Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

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If one really wants to make money, page-2

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