Charts vs. Fundamentals

nioka · 30 May 2008

Re: Charts vs Fundamentals

MRC & Co said:
Who is Agentm and who is the master you refer to above in reply to tech/a?

Check out the ADI thread for AgentM and see some real and consistant fundamental analysis. The other is YT (young trader) whose fundamental analysis is a legendary. To see YT in action check out his contribution to quite a few threads including NSL. This years success that I have had is to some extent on the back of the back of their fundamental analysis. The information posted by YT on NSL convinced me to have a look at it.

tech/a · 31 May 2008

Re: Charts vs Fundamentals

A further question.
Not a go just a question/observation.

While F/A is pointing to undervalued (Particularly Small Caps) I find it interesting how many there actually are mentioned on the boards.
There would be at least 50.

Now what amuses me is that when one of these go off there are a few that have (Or say they have ) 1 million shares or so this can be from $10-50k parcels.

And this happens EVERTYTIME one lifts off---not before---although there are normally 100s of posts discussing this announcement or that report.

So with 50 or so I have my suspicions that these guys don't have a couple of Million to play with. They dont have 1/2 or 1 million shares in EVERY call--although once they take off--magic!

So my question is one of PRACTICALLITY---
While there is some excellent F/A out there its basically hit and miss. I suspect more miss than hit!

Hence my request for a practical demonstration of HOW this is done LIVE.

This would take a list of stocks the buy price and then sells once they were made just like Radge does on his Power setups and I do on Techtrader.

Is this (F/A approach) REALLY profitable "Longterm".

Another observation is that in my view NOW is the time for small explorers and Miners---there are fortunes to be made here--DONT MISS OUT.

nioka · 31 May 2008

Re: Charts vs Fundamentals

tech/a said:
A further question.
Not a go just a question/observation.

While F/A is pointing to undervalued (Particularly Small Caps) I find it interesting how many there actually are mentioned on the boards.
There would be at least 50.

Now what amuses me is that when one of these go off there are a few that have (Or say they have ) 1 million shares or so this can be from $10-50k parcels.

And this happens EVERTYTIME one lifts off---not before---although there are normally 100s of posts discussing this announcement or that report.

So with 50 or so I have my suspicions that these guys don't have a couple of Million to play with. They dont have 1/2 or 1 million shares in EVERY call--although once they take off--magic!

So my question is one of PRACTICALLITY---
While there is some excellent F/A out there its basically hit and miss. I suspect more miss than hit!

Hence my request for a practical demonstration of HOW this is done LIVE.

This would take a list of stocks the buy price and then sells once they were made just like Radge does on his Power setups and I do on Techtrader.

Is this (F/A approach) REALLY profitable "Longterm".

Another observation is that in my view NOW is the time for small explorers and Miners---there are fortunes to be made here--DONT MISS OUT.

Tech,

Your post raises interesting points.

I find the smaller the cap the smaller the trades must be to get value. If there are any decent trades then the SP fires up. Even putting in a reasonable buy order can make a difference. eg. In my trading back and forth between ADI and AUT I found it best to limit my buys and sells to around the 10000 unit mark as on the best days there were often only 50,000 shares traded. My type of trading maybe would not suit the multi multi millionaire but it works for me. Slow and steady wins the race, the sprinters come and go, the stayers accumulate unnoticed.

Longterm. Because my trading is based on assessing value on a regular basis it is profitable on bad markets or good ones, bulls or bears. All you have to do is make sure that your investment is as good a value as you can find at that time in that market. It relies on holding undervalued stocks.

Would Warren Buffett disapprove, his trading is based on F/A isn't it.

You are insisting that we have to prove the point by nominating trades ahead of time. I dont know what I will do Monday until I check my watch lists, read the news, look for announcements then make a decision. At this stage I am watching AUT and ADI for a chance to trade from one to the other with advantage. I will be watching to sell CNP in the 60c range. I will be watching CFE, if it falls I will buy. I doubt if I will sell but if it goes crazy I will sell. I hold AOE and anything can happen with it, I will be watching but doubt if I will buy or sell at this stage. I am accumulating MOS or MOSO slowly, if they fall I will buy but I expect to hold for months so I will not sell.

What more can I say.I don't have to prove to myself that my system works and I'm sure it works for others too. Is there somewhere out there someone who can prove that it doesn't work.

nioka · 31 May 2008

Re: Charts vs Fundamentals

tech/a said:
Another observation is that in my view NOW is the time for small explorers and Miners---there are fortunes to be made here--DONT MISS OUT.

The only reasons there are fortunes to be made is because they are specs where most of them will fail and only a few will hit pay dirt. The use of F/A may help pick the winners. It should help show up the ones that will fail.

I often say to someone suggesting that a stock is good buying at 2c " If the stock had a par value of 20c, find out where the other 18c was spent before you buy at 2c". That is fundamental analysis. That is better information than someone saying it is breaking out because a chart shows it has risen from 1c over three days when a three month high had been1.5c.

It's Snake Pliskin · 1 June 2008

Re: Charts vs Fundamentals

tech/a said:
A further question.
Not a go just a question/observation.

While F/A is pointing to undervalued (Particularly Small Caps) I find it interesting how many there actually are mentioned on the boards.
There would be at least 50.

Now what amuses me is that when one of these go off there are a few that have (Or say they have ) 1 million shares or so this can be from $10-50k parcels.

And this happens EVERTYTIME one lifts off---not before---although there are normally 100s of posts discussing this announcement or that report.

So with 50 or so I have my suspicions that these guys don't have a couple of Million to play with. They dont have 1/2 or 1 million shares in EVERY call--although once they take off--magic!

So my question is one of PRACTICALLITY---
While there is some excellent F/A out there its basically hit and miss. I suspect more miss than hit!

Hence my request for a practical demonstration of HOW this is done LIVE.

This would take a list of stocks the buy price and then sells once they were made just like Radge does on his Power setups and I do on Techtrader.

Is this (F/A approach) REALLY profitable "Longterm".

Another observation is that in my view NOW is the time for small explorers and Miners---there are fortunes to be made here--DONT MISS OUT.

Long term FA or TA forecasts, though unintentionally, can mislead.

Tech can you provide more info on your "NOW" opinion? It seems to be just a statement without much to support it. I am genuinely interested.

It's Snake Pliskin · 1 June 2008

Re: Charts vs Fundamentals

nioka said:
The only reasons there are fortunes to be made is because they are specs where most of them will fail and only a few will hit pay dirt. The use of F/A may help pick the winners. It should help show up the ones that will fail.

I often say to someone suggesting that a stock is good buying at 2c " If the stock had a par value of 20c, find out where the other 18c was spent before you buy at 2c". That is fundamental analysis. That is better information than someone saying it is breaking out because a chart shows it has risen from 1c over three days when a three month high had been1.5c.

Nioka,

Thanks for the perspective on FA.

tech/a · 1 June 2008

Re: Charts vs Fundamentals

Snake this is a list of all stocks which have risen 100% or more over the last 6 mths.
Have a look at which sectors the majority come from.

There is a way to determine which sectors are considered HOT by the big end of town. If interested Private mail me and I'll show you how I find them

Security Name Column A Ticker Symbol Folder
ALTERA RSRCS LTD 1.0000 AEA C:\My Databases\MetaStock\ASX\A0
ANALYTICA LMTD 1.0000 ALT C:\My Databases\MetaStock\ASX\A0
ANGLO PACIFIC G 1.0000 AGP C:\My Databases\MetaStock\ASX\A0
AQUILA RESOURCES 1.0000 AQA C:\My Databases\MetaStock\ASX\A0
AVANTOGEN LMTD 1.0000 ACU C:\My Databases\MetaStock\ASX\A0
BAUXITE RSRC LTD 1.0000 BAU C:\My Databases\MetaStock\ASX\B0
BOWEN ENERGY L 1.0000 BWN C:\My Databases\MetaStock\ASX\B0
CENTAURUS RSRCS 1.0000 CUR C:\My Databases\MetaStock\ASX\C0
CHINA WEST H 1.0000 CWH C:\My Databases\MetaStock\ASX\C0
CI RESOURCES L 1.0000 CII C:\My Databases\MetaStock\ASX\C0
COAL OF AFRC LT 1.0000 CZA C:\My Databases\MetaStock\ASX\C0
COCKATOO COAL 1.0000 COK C:\My Databases\MetaStock\ASX\C0
COUGAR ENERGY 1.0000 CXY C:\My Databases\MetaStock\ASX\C0
COUNTRY ROAD L 1.0000 CTY C:\My Databases\MetaStock\ASX\C0
DESERT ENERGY 1.0000 DSN C:\My Databases\MetaStock\ASX\D0
DMC MINING LMTD 1.0000 DMM C:\My Databases\MetaStock\ASX\D0
EMBELTON LIMITED 1.0000 EMB C:\My Databases\MetaStock\ASX\E0
ENTERPRISE ENRGY 1.0000 EPE C:\My Databases\MetaStock\ASX\E0
ERMNG HYDRCRBN 1.0000 ERH C:\My Databases\MetaStock\ASX\E0
FELIX RSRCS LTD 1.0000 FLX C:\My Databases\MetaStock\ASX\F0
FLINDERS DMNDS 1.0000 FDL C:\My Databases\MetaStock\ASX\F0
FOREST PLACE GRP 1.0000 FPG C:\My Databases\MetaStock\ASX\F0
FRTSC MTLS GRP 1.0000 FMG C:\My Databases\MetaStock\ASX\F0
FUTURE CRPRTN 1.0000 FUT C:\My Databases\MetaStock\ASX\F0
GARRATT S LMTD 1.0000 GRT C:\My Databases\MetaStock\ASX\G0
GENESIS MINERALS 1.0000 GMD C:\My Databases\MetaStock\ASX\G0
GLOUCESTER COAL 1.0000 GCL C:\My Databases\MetaStock\ASX\G0
GOLDEN CHINA 1.0000 GCX C:\My Databases\MetaStock\ASX\G0
GRNVL MNNG NL 1.0000 GRVCA C:\My Databases\MetaStock\ASX\G0
GUJARAT NRE 1.0000 GUJ C:\My Databases\MetaStock\ASX\G0
HAMPTON HILL M 1.0000 HHM C:\My Databases\MetaStock\ASX\H0
HAOMA MINING NL 1.0000 HAO C:\My Databases\MetaStock\ASX\H0
HARRINGTON GROUP 1.0000 HGR C:\My Databases\MetaStock\ASX\H0
HITEC ENERGY L 1.0000 HTE C:\My Databases\MetaStock\ASX\H0
HUDSON INVSTMNT 1.0000 HGL C:\My Databases\MetaStock\ASX\H0
HUDSON RESOURCES 1.0000 HRS C:\My Databases\MetaStock\ASX\H0
ICON ENERGY LMTD 1.0000 ICN C:\My Databases\MetaStock\ASX\I0
INCITEC PIVOT 1.0000 IPL C:\My Databases\MetaStock\ASX\I0
INFOCHOICE LMTD 1.0000 ICH C:\My Databases\MetaStock\ASX\I0
INTRNTNL GLD 1.0000 IGC C:\My Databases\MetaStock\ASX\I0
LINC ENERGY LTD 1.0000 LNC C:\My Databases\MetaStock\ASX\L0
LNDN CTY EQ LTD 1.0000 LCE C:\My Databases\MetaStock\ASX\L0
MACARTHUR COAL 1.0000 MCC C:\My Databases\MetaStock\ASX\M0
MINDAX LIMITED 1.0000 MDX C:\My Databases\MetaStock\ASX\M0
MINEMAKERS LMTD 1.0000 MAK C:\My Databases\MetaStock\ASX\M0
NETCOMM LIMITED 1.0000 NTC C:\My Databases\MetaStock\ASX\N0
NEW HOPE CRPRTN 1.0000 NHC C:\My Databases\MetaStock\ASX\N0
NSL HEALTH LMTD 1.0000 NSL C:\My Databases\MetaStock\ASX\N0
NWHVN HTLS LTD 1.0000 NHH C:\My Databases\MetaStock\ASX\N0
OM HOLDINGS LMTD 1.0000 OMH C:\My Databases\MetaStock\ASX\O0
PANBIO LIMITED 1.0000 PBO C:\My Databases\MetaStock\ASX\P0
PHILEO AUSTRALIA 1.0000 PHI C:\My Databases\MetaStock\ASX\P0
PURE ENERGY 1.0000 PES C:\My Databases\MetaStock\ASX\P0
RAWSON RESOURCES 1.0000 RAW C:\My Databases\MetaStock\ASX\R0
REWARD MNRLS LTD 1.0000 RWD C:\My Databases\MetaStock\ASX\R0
REY RESROUCES L 1.0000 REY C:\My Databases\MetaStock\ASX\R0
RIMCAPITAL LMTD 1.0000 RMC C:\My Databases\MetaStock\ASX\R0
ROMA PETROLEUM N 1.0000 RPM C:\My Databases\MetaStock\ASX\R0
SAPEX LIMITED 1.0000 SXP C:\My Databases\MetaStock\ASX\S0
SIETEL LIMITED 1.0000 SSL C:\My Databases\MetaStock\ASX\S0
STEAMSHIPS TRDNG 1.0000 SST C:\My Databases\MetaStock\ASX\S0
STOKES ASTRLS 1.0000 SKS C:\My Databases\MetaStock\ASX\S0
TASMANIA MNS LT 1.0000 TMM C:\My Databases\MetaStock\ASX\T0
UNITED MINERALS 1.0000 UMC C:\My Databases\MetaStock\ASX\U0
VEALLS LIMITED 1.0000 VELCP C:\My Databases\MetaStock\ASX\V0

Just like the Housing boom this isnt to be missed,we get this only once in our life time.
There was the Tech boom,Housing Boom and now the Rescource Boom.
All aboard!

nioka · 1 June 2008

Re: Charts vs Fundamentals

tech/a said:
Snake this is a list of all stocks which have risen 100% or more over the last 6 mths.
Have a look at which sectors the majority come from.
Just like the Housing boom this isnt to be missed,we get this only once in our life time.
There was the Tech boom,Housing Boom and now the Rescource Boom.
All aboard!

Certainly an impressive list but they are now history. Were they predictable using T\A before they increased in price. F\A would more likely have picked the winners.
Take NSL as an example from the list. I've done OK with it and bought on the F/A done by YT. I've done very well out of AOE this year and last year, buying and selling using F/A. My last sale trading was selling before the fall at $2.70+ and rebuying later on at $1.70 and I still hold those.

I suggest a fundamental analysis of those stocks that have doubled in price should show those that have real value and show up those that are only rising with the bubble.

tech/a · 1 June 2008

Re: Charts vs Fundamentals

Ive certainly not participated in all of these.
OMH
GCL
FLX
MCC
COK
RWD

To name the main ones.(Ive been in)
The point is that I believe this to be the tip of the iceburg.
The very beginning.
If everyone could have seen the property boom early enough then everyone would have a host of Properties they all bought for 150K now worth 450K

Well---those that recognise this opportunity in 5-10 yrs time could well have multiple stock holdings worth way more than 4 times their initial purchase price.

It doesnt matter HOW you find these gems,T/A---F/A or a combination of both.
What I'm suggesting is there is a massive opportunity and its NOW.

Of course the trick is milking all you can from the sector.

It's Snake Pliskin · 3 June 2008

Re: Charts vs Fundamentals

tech/a said:
Snake this is a list of all stocks which have risen 100% or more over the last 6 mths.
Have a look at which sectors the majority come from.

There is a way to determine which sectors are considered HOT by the big end of town. If interested Private mail me and I'll show you how I find them

Security Name Column A Ticker Symbol Folder
ALTERA RSRCS LTD 1.0000 AEA C:\My Databases\MetaStock\ASX\A0
ANALYTICA LMTD 1.0000 ALT C:\My Databases\MetaStock\ASX\A0
ANGLO PACIFIC G 1.0000 AGP C:\My Databases\MetaStock\ASX\A0
AQUILA RESOURCES 1.0000 AQA C:\My Databases\MetaStock\ASX\A0
AVANTOGEN LMTD 1.0000 ACU C:\My Databases\MetaStock\ASX\A0
BAUXITE RSRC LTD 1.0000 BAU C:\My Databases\MetaStock\ASX\B0
BOWEN ENERGY L 1.0000 BWN C:\My Databases\MetaStock\ASX\B0
CENTAURUS RSRCS 1.0000 CUR C:\My Databases\MetaStock\ASX\C0
CHINA WEST H 1.0000 CWH C:\My Databases\MetaStock\ASX\C0
CI RESOURCES L 1.0000 CII C:\My Databases\MetaStock\ASX\C0
COAL OF AFRC LT 1.0000 CZA C:\My Databases\MetaStock\ASX\C0
COCKATOO COAL 1.0000 COK C:\My Databases\MetaStock\ASX\C0
COUGAR ENERGY 1.0000 CXY C:\My Databases\MetaStock\ASX\C0
COUNTRY ROAD L 1.0000 CTY C:\My Databases\MetaStock\ASX\C0
DESERT ENERGY 1.0000 DSN C:\My Databases\MetaStock\ASX\D0
DMC MINING LMTD 1.0000 DMM C:\My Databases\MetaStock\ASX\D0
EMBELTON LIMITED 1.0000 EMB C:\My Databases\MetaStock\ASX\E0
ENTERPRISE ENRGY 1.0000 EPE C:\My Databases\MetaStock\ASX\E0
ERMNG HYDRCRBN 1.0000 ERH C:\My Databases\MetaStock\ASX\E0
FELIX RSRCS LTD 1.0000 FLX C:\My Databases\MetaStock\ASX\F0
FLINDERS DMNDS 1.0000 FDL C:\My Databases\MetaStock\ASX\F0
FOREST PLACE GRP 1.0000 FPG C:\My Databases\MetaStock\ASX\F0
FRTSC MTLS GRP 1.0000 FMG C:\My Databases\MetaStock\ASX\F0
FUTURE CRPRTN 1.0000 FUT C:\My Databases\MetaStock\ASX\F0
GARRATT S LMTD 1.0000 GRT C:\My Databases\MetaStock\ASX\G0
GENESIS MINERALS 1.0000 GMD C:\My Databases\MetaStock\ASX\G0
GLOUCESTER COAL 1.0000 GCL C:\My Databases\MetaStock\ASX\G0
GOLDEN CHINA 1.0000 GCX C:\My Databases\MetaStock\ASX\G0
GRNVL MNNG NL 1.0000 GRVCA C:\My Databases\MetaStock\ASX\G0
GUJARAT NRE 1.0000 GUJ C:\My Databases\MetaStock\ASX\G0
HAMPTON HILL M 1.0000 HHM C:\My Databases\MetaStock\ASX\H0
HAOMA MINING NL 1.0000 HAO C:\My Databases\MetaStock\ASX\H0
HARRINGTON GROUP 1.0000 HGR C:\My Databases\MetaStock\ASX\H0
HITEC ENERGY L 1.0000 HTE C:\My Databases\MetaStock\ASX\H0
HUDSON INVSTMNT 1.0000 HGL C:\My Databases\MetaStock\ASX\H0
HUDSON RESOURCES 1.0000 HRS C:\My Databases\MetaStock\ASX\H0
ICON ENERGY LMTD 1.0000 ICN C:\My Databases\MetaStock\ASX\I0
INCITEC PIVOT 1.0000 IPL C:\My Databases\MetaStock\ASX\I0
INFOCHOICE LMTD 1.0000 ICH C:\My Databases\MetaStock\ASX\I0
INTRNTNL GLD 1.0000 IGC C:\My Databases\MetaStock\ASX\I0
LINC ENERGY LTD 1.0000 LNC C:\My Databases\MetaStock\ASX\L0
LNDN CTY EQ LTD 1.0000 LCE C:\My Databases\MetaStock\ASX\L0
MACARTHUR COAL 1.0000 MCC C:\My Databases\MetaStock\ASX\M0
MINDAX LIMITED 1.0000 MDX C:\My Databases\MetaStock\ASX\M0
MINEMAKERS LMTD 1.0000 MAK C:\My Databases\MetaStock\ASX\M0
NETCOMM LIMITED 1.0000 NTC C:\My Databases\MetaStock\ASX\N0
NEW HOPE CRPRTN 1.0000 NHC C:\My Databases\MetaStock\ASX\N0
NSL HEALTH LMTD 1.0000 NSL C:\My Databases\MetaStock\ASX\N0
NWHVN HTLS LTD 1.0000 NHH C:\My Databases\MetaStock\ASX\N0
OM HOLDINGS LMTD 1.0000 OMH C:\My Databases\MetaStock\ASX\O0
PANBIO LIMITED 1.0000 PBO C:\My Databases\MetaStock\ASX\P0
PHILEO AUSTRALIA 1.0000 PHI C:\My Databases\MetaStock\ASX\P0
PURE ENERGY 1.0000 PES C:\My Databases\MetaStock\ASX\P0
RAWSON RESOURCES 1.0000 RAW C:\My Databases\MetaStock\ASX\R0
REWARD MNRLS LTD 1.0000 RWD C:\My Databases\MetaStock\ASX\R0
REY RESROUCES L 1.0000 REY C:\My Databases\MetaStock\ASX\R0
RIMCAPITAL LMTD 1.0000 RMC C:\My Databases\MetaStock\ASX\R0
ROMA PETROLEUM N 1.0000 RPM C:\My Databases\MetaStock\ASX\R0
SAPEX LIMITED 1.0000 SXP C:\My Databases\MetaStock\ASX\S0
SIETEL LIMITED 1.0000 SSL C:\My Databases\MetaStock\ASX\S0
STEAMSHIPS TRDNG 1.0000 SST C:\My Databases\MetaStock\ASX\S0
STOKES ASTRLS 1.0000 SKS C:\My Databases\MetaStock\ASX\S0
TASMANIA MNS LT 1.0000 TMM C:\My Databases\MetaStock\ASX\T0
UNITED MINERALS 1.0000 UMC C:\My Databases\MetaStock\ASX\U0
VEALLS LIMITED 1.0000 VELCP C:\My Databases\MetaStock\ASX\V0

Just like the Housing boom this isnt to be missed,we get this only once in our life time.
There was the Tech boom,Housing Boom and now the Rescource Boom.
All aboard!

Thanks for the response T/A.

cuttlefish · 3 June 2008

Re: Charts vs Fundamentals

Tech - because the small cap mining/exploration sector tends to be about taking fairly big risks with capital in the hope of big rewards its not necessarily surprising that it yields the most big gainers. Out of curiousity if you search for stocks that lost 50% or more over the past 6 months which sectors feature? I'm curious because I think its possible the junior mining/exploration could feature in both.

nizar · 4 June 2008

Re: Charts vs Fundamentals

nioka said:
F\A would

WOW thats a big call.

tech/a · 4 June 2008

Re: Charts vs Fundamentals

cuttlefish said:
Tech - because the small cap mining/exploration sector tends to be about taking fairly big risks with capital in the hope of big rewards its not necessarily surprising that it yields the most big gainers. Out of curiousity if you search for stocks that lost 50% or more over the past 6 months which sectors feature? I'm curious because I think its possible the junior mining/exploration could feature in both.

I have no doubt they do.
BUT------

A good trader wouldnt take a 50% loss he'd be out with very small losses.
A good trader would however keep anything moving forward as long as it did so for as long has his ability allowed him to.
If you understand how to control and mitigate your risk trading Small caps is no more risky than trading the Blue chips.

If you dont then its gambling!

Do you think Casino's think they're gamblers?
They run a business you create an edge.
You as a trading "business" are no different!

nioka · 4 June 2008

Re: Charts vs Fundamentals

nizar said:
WOW thats a big call.

Do you doubt that a fundamental analysis of those that have shown an increase of 50% or more would show the ones capable of going on and show up those that are riding along in a bubble only.

I'll admit to a lot of big calls and I'm not always right but don't you think the point I make is worth investigating?

johenmo · 17 June 2008

Re: Charts vs Fundamentals

Fundamentals are important but published fundamentals don't change qucikly enough. Have also learned recently that the "fundamentals" don't always tell the truth - depends what's not on the books.

A mix of the two, depending on what your overall strategy is (day trading versus investing), must give the best guidance. History is littered with businesses who had sound published fundamentals with all sorts of behind the scenes deals/setups, and eventually went under. With some of the top guys ending in court.

There will be people who have done well and others who have done poorly using one or the other.

It's not only what tools you have, but how you use them that gives the right result.

So the argument is almost "circular".

It's Snake Pliskin · 25 September 2008

Re: Charts vs Fundamentals

nioka said:
Certainly an impressive list but they are now history. Were they predictable using T\A before they increased in price. F\A would more likely have picked the winners.
Take NSL as an example from the list. I've done OK with it and bought on the F/A done by YT. I've done very well out of AOE this year and last year, buying and selling using F/A. My last sale trading was selling before the fall at $2.70+ and rebuying later on at $1.70 and I still hold those.

I suggest a fundamental analysis of those stocks that have doubled in price should show those that have real value and show up those that are only rising with the bubble.

Here lies the biased...

Predictable? Nothing is predictable so I find the above strange.

kam75 · 13 October 2008

Re: Charts vs Fundamentals

There is no discussion here. You do whatever works for YOU and makes you money. The key is CONSISTENCY. If its TA that works for you, stick to TA. If its FA, do FA - Buffett seems to do allright with it. If its Gann, by all means read your astrology charts.

I find that a fundamendal screen followed by TA works best for me. The bottom line is, there is no right or wrong way provided its consistent and repeatable and makes money.

nioka · 13 October 2008

Re: Charts vs Fundamentals

It's Snake Pliskin said:
Here lies the biased...

Predictable? Nothing is predictable so I find the above strange.

A fundamental investment plan needs, and has, flexability. The plan must be updated daily to work with the changing circumstances. Values change daily and so the plan changes daily. Charts only record the past. Fundamentals can predict the future with more accuracy. That's my opinion, obviously it doesn't suit everyone.

And yes I am biased.

Garpal Gumnut · 13 October 2008

Re: Charts vs Fundamentals

kam75 said:
There is no discussion here. You do whatever works for YOU and makes you money. The key is CONSISTENCY. If its TA that works for you, stick to TA. If its FA, do FA - Buffett seems to do allright with it. If its Gann, by all means read your astrology charts.

I find that a fundamendal screen followed by TA works best for me. The bottom line is, there is no right or wrong way provided its consistent and repeatable and makes money.

Agree Kam, I use mostly fundamentals as a screen and then TA. I find AFR, Compareshares and Businesspectator good sources. Interestingly there is often a 3 month lag between fundamental news and any move on the charts, after the initial jump it settles. Tip sheets I find are generally crap.

And yes whatever works, go for it.

One of the best tips ever I got from a bloke at an Australian Shareholders Association meeting, that he got on the golf course, believe it or not , it was on the button and once the charts showed a move I was in.

gg

gg

skyQuake · 13 October 2008

Re: Charts vs Fundamentals

nioka said:
Charts only record the past.

Fundamentals do so too... Extrapolation based on PAST company announcements, earnings, ratios etc. A t/a plan could be flexible too, doesn't have to change daily, can change weekly, hourly etc...
Same difference imo, both are representations of past data.

Charts vs. Fundamentals

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tech/a

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nioka

johenmo

It's Snake Pliskin

kam75

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Ross Island Hotel

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