Forum Archive Index - October 2001

[not important <cullen150@yahoo.com>]

Hey Phaedrus,
 That makes sense. I find your charts very interesting
and helpful. If/when you get time could you please
make a chart for SPE to show the SPEctacular negitive
growth trend:) and post it?
   Thanks and keep up the charting.

ps) nick well done with FRU you'll be happy :)
ps) Gerry, maybe one day top forty position will
 come (but probably shortly after pigs have flown)
then i'll be happy.



--- Phaedrus <Phaedrus@techemail.com> wrote:
> Cullen150,
>            The whole fundamental/technical analysis
> issue is really about what your intentions are. If
> you intend to buy and hold, fundamental analysis is
> the most logical stock selection method. If you want
> to trade, some form of technical analysis is the
> obvious choice. The two approaches are not mutually
> exclusive. For example, I will only trade stocks
> with good fundamentals, using nothing but technical
> analysis to make all trading decisions. 
>   If a stock is rising and continues to rise in a
> very steady manner, no trading system will
> outperform simply buying and holding. This is quite
> uncommon, and in any event, all trends end sooner or
> later.
>   Buying FRU at the issue price of $1.50 and holding
> on through thick and thin would have seen a gain of
> 58% in 18 months. 
>   Frucor has been a particularly volatile stock,
> though, and as such has offered excellent trading
> opportunities. A medium-term trend trader would have
> made 4 trades in 18 months, and, if profits were
> compounded, would have just on tripled their money
> in the same period, while also running less risk. I
> realise that this trading frequency would not suit
> everybody, but one trade every 4 - 5 months is
> hardly frenetic.
>                 Phaedrus.
> 
>
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> ATTACHMENT part 2 image/gif name=FRU.gif



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