Re: Why are value investor types so rigidly opposed to TA?
[ QUOTE ]
I was wondering if they have discovered stuff such as, "when a one hundered dollar stock is up 75 cents in the middle of the day, the expected value of where it will be this time tomorrow is $100.45. Because there is a good chance the 75 cent rise was a statistical blip." Roughly speaking. If so, a company with their resources can grab some of that 25 cents sitting there. If I am right it means that they are using pure price movements to help them make money. It wouldn't help any of us though.
[/ QUOTE ]
No offense, but that was fairly nonsensical.
Besides, if you think a 25 cent move doesn't help anyone, you're mistaken. A few 25 cent moves per day captured adds up to a very comfortable living.
|