say there was one stock: when index was above the average, the stock goes against the index; when index was below the average, the stock goes with the index. Why was that?
2007-09-19 16:40:18 · 4 answers · asked by le c 1 in Business & Finance ➔ Investing
forget charts, you cannot predict the future. look at the companies assets, divide by the number of shares. any thing above that is speculation
2007-09-19 17:10:26 · answer #1 · answered by lab90210 3 · 0⤊ 0⤋
Alas , it appears someone else has gotten sucked into trading based on charts only , and totally forgotten that stocks represent REAL companies with REAL products and services .
Have no idea which idiot concocted this idea of just watching charts isolated from reality BUT
Dump that lunacy and run !
Start doing your homework based on real factors ,
Like the product and . . .
Revenue , debt , earnings growth , cost issues . . .
THEN look at the chart .
Once your brain opens up to the big pictures ,
It will be obvious why the charts are moving the way they do .
>
2007-09-19 23:54:18 · answer #2 · answered by kate 7 · 0⤊ 0⤋
Charts are for losers. The only reason you invest in a stock is for the future earnings of a stock.
2007-09-20 01:20:25 · answer #3 · answered by Steve R 6 · 0⤊ 0⤋
My thought is that it is a lousy stock.
2007-09-19 23:51:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋