RE:RE:Lifecos again start the day green.Yeah i tried technical analysis when i first started investing, and was playing penny mining stocks. I soon learned that heavy manipulation was involved, and T/A did not help at all. With the split funds i choose fundamentals and Basically NAV, as its not hard to track, and discounts are ALWAYS better value for me than big premiums. I do like buying some of underwater plays when the market is down, which isnt really a chart thing, but a discount play as well, as sometimes they trade at ridiculous low valuations in a environment that is good for the fundamentals of the business.
Example was LFE, which dropped below 3$ while the interest rates were getting jacked at a record pace. I knew eventually if the rates stayed where they are now LFE would get to paying again. I traded it a few times under 4$ and then bought a lot around 4 $ when the UNIT NAV was getting very close to 15$..
So sitting on quite a big pile of LFE , and not willing to sell it at a discount, altho selling , i would be profitting. I did lighten up a few days ago, and have some ammo to rebuy when the time is right. Long time until ex divvy date...