Forum Archive Index - February 2000

[richmac <richmac@xtra.co.nz>]

Hello Hugh
Why use only one approach to share picking?
I like the three pronged approach.
Analyze the stock on fundamentals, then community (tips, rumors, scuttlebutt
etc.), then charting (uptrend, downtrend, going sideways) then make a decision
based on all three factors.

hugh webber wrote:

> Classical, classical. But the technique is then to sell out after drilling
> starts
> and before they find a dry hole.
> (NZOG management itself says there's a
> 67% chance of getting a dry hole).
>
> Personally I don't think charting has any credibility except for 20 20
> hindsight
> vision.
> I used to read Michael Coote's charting column in the NBR every week for
> over a year for a good laugh. Anything charted on the Wednesday nearly
> always
> looked rather silly by Friday evening.
> I see he's now taken to charting DB which is pretty safe as its about to
> disappear.
> Can't recall anything about Keynes, Ron B, Bill G, George S or even Eric W
> ever using charting.
> Here's a challenge; can anyone name me a well know investor who's ever got
> seriously rich
> relying on charting?
> cheers,
> Hugh
>
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