lol.. yes... and that bloke with the laptop only cares about the charting side of things... has no idea about the fundamentals to any companies, its a disgrace...
Every time somebody asks him about a stock, if the chart to the stock is creeping him he would say "its a good buy" if the chart is in the consolidation phase he would say "i wouldnt buy this stock yet" and if its on a downtrend he will say "stay clear of this stock"...
If you know anything about fundamentals to a specific stock on a downtrend or consolidation phase u would know the best time to enter the stock and get the most gains out of it.. if your like the guy behind the laptop, he will wait until most of the gains are gone and the stock has rocketed already, increasing the risk of downside...
A good example of this is Karoon Gas (KAR), it was in a consolidation phase for a while before the eventual break out at around $3.50- $4.00 up to $7 in very quick time... If he had waited for the trend he would have bought at $6.50 or so, missing most of the gains...
Karoon Gas in this weeks episode was asked about by a caller, and the same guy behind the laptop that likes trends actually said that by looking at the chart KAR is now overpriced at $7.30, wait until it goes back down to the $5 range... I MEAN, HE CANT HAVE IT BOTH WAYS LMAO... the show should be taken off the air...
