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Talking stocks, trading, and investing in general - Page 195

post #2911 of 5410
I haven't followed aapl and only looked at it because of the thread. Three indicators go bear and I would dump a position in any holding. It is not a guarantee but helps with probabilities for success.
post #2912 of 5410
I put in a limit order to buy more AAPL shares.
post #2913 of 5410
Quote:
Originally Posted by seeldoger47 View Post


How can you expect to see the future by looking in the rear-view mirror?

because other people are looking at the same indicators. it's somewhat of a self fulfilling prophecy. Have you ever tried TA before?
post #2914 of 5410
I had an experienced trader help with a purchase before. They can be helpful in the near term, which can be helpful to a long term buyer such as myself. Better cost basis is a better cost basis.
post #2915 of 5410

Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story helps me understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.


Edited by seeldoger47 - 11/18/12 at 11:10am
post #2916 of 5410
Quote:
Originally Posted by seeldoger47 View Post

Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story is help understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.

Then you've answered your own question smile.gif
post #2917 of 5410
Lets talk about that apple and good pop. wow.
post #2918 of 5410
good=goog
post #2919 of 5410
Quote:
Originally Posted by seeldoger47 View Post

Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story helps me understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.

You can separate technical indicators into two camps - voodoo and something that tells a story.

Fib levels and Elliott waves (and maybe DeMark if I could every understand them) are voodoo. They could only potentially work if (1) you believe in magic or (2) enough other people believe in them.

MACDs, RSIs are a way of neatly looking at one particular storyline (to awkwardly use your analogy) in charts. Something like Bollinger bands are based on a statistical observation about how things tend to move.

I have zero involvement with equities except when I can't help it but I understand that TA can be considerably less compelling when you can have a reasonable claim to know what something is worth.

With things that carry only a vague conception of fair value (currencies, for instance) and can exhibit considerable deviation from that, price action is news. And some technical indicators provide an intelligent shorthand for talking about price action.
post #2920 of 5410
^ true story bro. anyways noone can sustain above average gains for a 10 year period right? 90% of fund managers don't beat the market?


I pulled those stats out of my asshole but i've heard many things like that.
post #2921 of 5410
....on a risk adjusted basis.
post #2922 of 5410
Was worried about AGNC for a bit there...but decided to buy some more and now its back above 30 again and still paying dividends.
post #2923 of 5410
W. T. F. What happened today? No electricity until a few hours ago, checked Google finance and seeing green everywhere. biggrin.gif
post #2924 of 5410
What's everyone thinking about GLUU? I got in at 2.19, though I didn't put in that much. I might buy more in the next few weeks, currently at around 2.50 but I think it's pretty highly undervalued.
post #2925 of 5410

How is it undervalued? Undervalued relative to what?

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