knowing the industry before you invest, page-5

This is the exact reason why I laugh when mgc et.al deride TA and then carry on with FA like its God's word.

I challenge anyone to assert with confidence what NMS's full year revenue and profit will be and hence give a credible eps. You will be estimating between an unacceptably large dataset to make that judgement. But you will likely use standard accounting valuation methods to add some sort of false credibility to your argument when this is not particularly useful for a small company with such large deviation.

I am more trained in FA than TA so have no bias whatsoever. I just find it exceptionally narrow-minded and unintelligent to rule out any weapon at your disposal when trying to do anything in life well. It's like keeping one of your best players on the bench the whole game.

And even if you nailed the valuation, we know the market is merely a sentiment machine so you're not guaranteed anything.

Why not use FA to attempt to identify sound companies that are likely to remain viable and either utilise economies of scale or produce an income for their shareholders; and TA to identify what the market is actually saying in relation to that company and the above mentioned factors?