Quote:
quote:Originally posted by optiontrader
The fourth was by far the weakest period last year, where the firm lost money! A 50 - 50 chance that the fourth period will be different from last years is not good enough for me at the moment, though it may be a good bet for the future when the fundamentals become clear :)
The neat advantage of TA is that you don't have to do much homework. However, with the fundamental stuff, you actually have to read stuff. Thus, when considering that the fourth quarter was by far the weakest period last year, you should perhaps consider that that was because of the major Owens acquisition, which, given they didn't make a major acquisition, is likely to be different this year. And if you wait until the fundamentals become clear, you may have missed the bus (unless there is a real earnings surprise). Just playing devil's avocado with you a little. I'm not buying at the moment, but for very, very different reasons.