Grmn

Quote from luckyluciano:

don't need hocus pocus...just trade the chart u see backed with a little fundamentals. Look at the garmin chart, what do u see.

Look at the past news, what does that tell you. No one can predict the future but this is as good as it gets.
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guys, i'm just giving you a hard time. I was a huge call buyer from 105 all the way down to 95 ... and have been selling all the way into this ascent. great trade; buy the dip in a bull. no brainer.


But some of these calls are so dumb it makes me wonder why I hang out here (boredom is the answer, of course).
 
Quote from scriabinop23:

wow.. we have a sharp group here..

then post your TA trendlines, fibonaccis, elliot waves, MA crosses, and whatever else hocus pocus you like.
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I dont use any of the above. Except once in a great while i might use a trend line. Just dont need all that TA. I keep it simple. Did price go up? If so "how" did it go up? Did price gp down? If so, "how" did it go down. If sideways..how? What is the range..narrow..large??? Where is the open..high..low..close??Then what is the context in which all this happened? Accumulation, distribution, rally, decline???

The context gives me the bigger picture. The or "how" helps me determine what immediate future prices "probably" will do.

In summary; I read the tape. But there are various ideas of what "reading the tape" consist of. I am a swing trader 1 to 3 days so my type tape reading is geared to that time frame.

Hence fundamentals mean nothing to me. I simply do not care "why" it did what it did. I am only interested in "how" it did what it did. All the fundamentals and reason are already present in the tape. Why should I clutter my mind up with all that garbage? It means nothing to me for a 1 to 3 day time frame. Now IF I were if I were investing longterm THEN I might look at fundamentals. And combine that with longer term tape reading.
 
Quote from pinabetal:

I dont use any of the above. Except once in a great while i might use a trend line. Just dont need all that TA. I keep it simple. Did price go up? If so "how" did it go up? Did price gp down? If so, "how" did it go down. If sideways..how? What is the range..narrow..large??? Where is the open..high..low..close??Then what is the context in which all this happened? Accumulation, distribution, rally, decline???

The context gives me the bigger picture. The or "how" helps me determine what immediate future prices "probably" will do.

In summary; I read the tape. But there are various ideas of what "reading the tape" consist of. I am a swing trader 1 to 3 days so my type tape reading is geared to that time frame.

Hence fundamentals mean nothing to me. I simply do not care "why" it did what it did. I am only interested in "how" it did what it did. All the fundamentals and reason are already present in the tape. Why should I clutter my mind up with all that garbage? It means nothing to me for a 1 to 3 day time frame. Now IF I were if I were investing longterm THEN I might look at fundamentals. And combine that with longer term tape reading.
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Good post
 
Quote from pinabetal:

I dont use any of the above. Except once in a great while i might use a trend line. Just dont need all that TA. I keep it simple. Did price go up? If so "how" did it go up? Did price gp down? If so, "how" did it go down. If sideways..how? What is the range..narrow..large??? Where is the open..high..low..close??Then what is the context in which all this happened? Accumulation, distribution, rally, decline???

The context gives me the bigger picture. The or "how" helps me determine what immediate future prices "probably" will do.

In summary; I read the tape. But there are various ideas of what "reading the tape" consist of. I am a swing trader 1 to 3 days so my type tape reading is geared to that time frame.

Hence fundamentals mean nothing to me. I simply do not care "why" it did what it did. I am only interested in "how" it did what it did. All the fundamentals and reason are already present in the tape. Why should I clutter my mind up with all that garbage? It means nothing to me for a 1 to 3 day time frame. Now IF I were if I were investing longterm THEN I might look at fundamentals. And combine that with longer term tape reading.
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TA and fundamentals give you an EDGE!

This thread is supposed to be about GRMN!
 
Quote from luckyluciano:

TA and fundamentals give you an EDGE!

This thread is supposed to be about GRMN!
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OK, however, somebody needs to tell that to scriabinop23 :)
 
Quote from pinabetal:

I dont use any of the above. Except once in a great while i might use a trend line. Just dont need all that TA. I keep it simple. Did price go up? If so "how" did it go up? Did price gp down? If so, "how" did it go down. If sideways..how? What is the range..narrow..large??? Where is the open..high..low..close??Then what is the context in which all this happened? Accumulation, distribution, rally, decline???

The context gives me the bigger picture. The or "how" helps me determine what immediate future prices "probably" will do.

In summary; I read the tape. But there are various ideas of what "reading the tape" consist of. I am a swing trader 1 to 3 days so my type tape reading is geared to that time frame.

Hence fundamentals mean nothing to me. I simply do not care "why" it did what it did. I am only interested in "how" it did what it did. All the fundamentals and reason are already present in the tape. Why should I clutter my mind up with all that garbage? It means nothing to me for a 1 to 3 day time frame. Now IF I were if I were investing longterm THEN I might look at fundamentals. And combine that with longer term tape reading.
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Because, you'll be sitting there looking at the chart and over the long run there will be days when the fundamentals significantly affect the price of a stock on one of the days that you're holding a stock for "only" three days. Just because something "worked" before doesn't mean it's a good idea to consistantly doing it.

It's like driving 130 miles an hour to catch a flight. I've done it before and my tactics "worked". But that doesn't mean it was a good idea. It isn't until you give a strategy the test of time that you realize it's wrong. The fundamentals don't matter people bought lots of 100 p\e ratio stocks and stocks that never earned a profit with no legitimate business plan during the dot com boom, not exactly inspiring.
 
Quote from brettdoyle:

Because, you'll be sitting there looking at the chart and over the long run there will be days when the fundamentals significantly affect the price of a stock on one of the days that you're holding a stock for "only" three days. Just because something "worked" before doesn't mean it's a good idea to consistantly doing it.

It's like driving 130 miles an hour to catch a flight. I've done it before and my tactics "worked". But that doesn't mean it was a good idea. It isn't until you give a strategy the test of time that you realize it's wrong. The fundamentals don't matter people bought lots of 100 p\e ratio stocks and stocks that never earned a profit with no legitimate business plan during the dot com boom, not exactly inspiring.
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My argument is simply that the tape will "show" any affect that fundamentals may have on price. Generally, smart money is privy to all that and they leave their moves on tha tape. Since I trade by what the tape show...intraday..or 1 to 3 days any change that fundamentals make will eventually appear on the tape. It has to. Generally price will go where the smart money takes it. There are exceptions but most of the time it takes the deep pockets to move a stock in any sustainable move. The tape will show all of this. Thus it is showing their opinions plus the opinions of the public. There is one area that can catch a person by surprise and that is the "news". If smart money is not aware of some news even they could be caught off guard. Hence, I would say it could be beneficial to track any news in a stock that one is trading. However, sooner or later the news will itself be discounted in the tape.

I do not care about p/e ..and valuation..cash flow..etc when trading in such a small time frame. The tape tells me what others think of those things. But IF I were investing longterm in a company then fundamentals would matter to me. But my longterm investing is in physical silver...the opportunity of a life time IMO!:)

In summary some news could catch me blindsided but that is what stop losses are for.
 
The tape only shows the sentiment of the stock based on past fundamentals. What about earnings releases or when a stock is about to get downgraded or when a good company issues more stock or dilutes its market cap. These fundamentals do not show up on tape until too late and can and will blow right past your stops before trading. But if your are aware of the fundamentals such as these then you can react more appropriately.

Anyway..back to GRMN...what do u think about the latest news!
 
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