RE:Opinions on a Saturday Hey, I've got one too. I think Ertguy wants us to be in a downtrend because he wants to load up. Sorry pal, that boat sailed. Pay up, and do it quickly IMHO, as we are only going up. The uptrend is clearly defined. Stop looking two years back and look two years forward! The company is convalescing (pun intended) with Health at the helm. Choices, take a hike. Luminous may a cheerleader, but not an arrogant a$$ or character assassinator. Thanks for your wisdom Esther. Always appreciated. Wounded, thank you for your daily input as well. Mas, keep up the good work. We all value your insight, just don't let the schit-disturbers be such a distraction. I've got most of 'em on iggy. Looking forward to this week! BB
DiveEsther wrote: What a bunch of opinions... on a weekend no less! Something good this way comes. My 2 cents is simple. I firmly believe we are in an uptrend, with a 'new' company, under new leadership, and a new model. Technical analysis has its place, but it's not my Bible. It can be dead wrong as a 'predictor' of future stock direction. They call them technical 'indicators' not rules... often indicative of PAST performance, and not necessarily future direction. There are scholars who've written countless articles that are both for/against the merits of technical analysis vs. fundamental analysis. I would encourage all investors to read up on these strategies and form their own opinions, then adopt an investment philosophy that works for them. I've adopted a blended methodology... and I place emphasis on what I believe are the most relevant and influential factors at any given time. I get it wrong from time to time, but I'm happy with my track record. Institutions that trade using computer algorithms rely on technical indicators (volume, stock price, level II, etc.). A computer can't account for some of the intrinsic factors that a fundamental investor considers (micro/macro industry conditions, political environment, management, leadership, effects of insider buying, and general market sentiment, human emotion & anticipation, etc, etc). Timing a reversal perfectly is almost impossible, so it would appear ERTguy prefers a strategy whereby he'll capture some modest gains, but he misses out on the far greater opportunity in front of him right NOW (and over the past 4 months or so). Applying his strategy to the 'end game' also sees him continuing to buy stock well after a TOP is formed because a new downtrend or reversal isn't 'indicated' is his chart, thereby resulting in him giving back some of his modest gains. He may very get out before a top, but he's just happy to play the middle. Stick to the TSX for that... this is the venture! The longs here know things are different because we understand the change that's going on, and going forward, what this opportunity represents. The fact that choices is back tells me that he smells opportunity. As stated by many, the numbers from q4 may disappoint the uninformed... and cause a temporary loss of 'investor' confidence (and by that I mean day traders, penny flippers, and the uninformed -- not the longs). Choices and other bashers will surely be loading at your expense if you choose to sell your shares at a discount. My opinion is that Q1 will not disappoint, nor will forward guidance... I have complete faith in Heath at this time, and the doubters will be believers in short order. As for the 20 cent wall... it will fall just as fast and unexpectedly as the .16 and .12 before it. Things are shaping up nicely... there's far less anxiety when you're patient & long and not caught up in the daily tug-of-war. I believe we are in a new uptrend and whether we have a dips or go sideways for a bit, this has reversed course! GLA.