Originally Posted by
Joh13
I fully acknowledge that we all have our unique investment philosophies and strategies. I've always been more inclined towards fundamental analysis and intrinsic value estimation, I appreciate the insights provided by technical analysis, and incorporate both.
Regarding my valuation of Oceania Healthcare, it's rooted in my belief in the company's long-term growth prospects. The substantial investment I've made in OCA is a testament to my confidence in the future growth of this company. I consider factors such as the forecasted earnings growth dividend yield, and insider buying among others. My valuation also takes into account the broader context of the industry, baby boomer growth, and the potential for future growth and expansion. However, I must admit that this is a subjective process and it's entirely possible for two investors to arrive at different valuations based on the same set of data.
As for the technical analysis, your points about the stock's recent price movements and key support and resistance levels are well taken. Indeed, the stock has shown some resilience at the 74c level, and breaking through the 79c level could indeed be a bullish sign.
As with any analysis method, both intrinsic valuation and technical analysis have their limitations and should be used as part of a broader, holistic approach to investing. I completely agree with your "garbage in, garbage out" sentiment - the quality of our analysis is only as good as the data and assumptions we use.
In the end, whether we're fundamental investors, technical traders, or a bit of both, we're all here to make informed decisions and, profitable investments...time will tell.