Technical Analysts - who would admit to being one
Quote:
Originally Posted by
Hoop
Thats exactly what I've been trying to tell people on ST for years now...including today...a mistimed buy using buy & hold investment strategy and you have to wait, months maybe years..3.5 years and still counting with retirement village growth stock RYM
Hoop, this is the SUM thread.
Best Wishes
Paper Tiger
FA v TA Mistiming results in wasted opportunities
Quote:
Originally Posted by
Paper Tiger
Hoop, this is the SUM thread.
Best Wishes
Paper Tiger
You are not understanding my posts (but maybe I'm not understanding your post)..my feline friend..
Let me expand so these FA people see my TA reasoning....
Late September 2016 SUM falls from 5.60 to 5.20 support...It looked like a real buy of "cheap" shares (remember the shareprice fell even though the results announced were very good Total sales for the quarter the highest ever)..Hell it even trapped me at the time thinking bullish and writing the 5.20 bounce could be a bottom..but TA caution was very much evident..and had me referring to the other thread on 30th September 2016 post#266 SUM Status....HOLD, DON"T ACCUMULATE YET
Buying in/accumulating after the 5.20 bounce would have a mistimed buy ( TA told everyone not yet.. wait!!) ..Judging from ST thread from August to Late September many B&H investors would've have done mistimed buy/accumulations...interesting to read back on this thread (starting Mid August 2016)..(Kudo's to Black Peter)
That mistimed buy in late September 2016 sees SUM investors still underwater (-6%) a year later...Could have been worse as many investors have a knack at buying at the top..that mistimed buy back in early September 2016 sees SUM investors underwater by -12% a year later