Friday, November 03, 2006

Some amateur technical talk....

gemma star, I post this because after your comment, I looked at TU. I must have reviewed this stock before, because I see I did a few line studies.

As my own belief is that fundamental and technical analysis are important to making investment decisions (though you have purists on either end who would vehemently disagree), I try to increase my technical skills. To do so, I have found it good practice to ambulance chase certain stocks on bad news and attempt to identify support. I don't commit capital unless I know something specific about the company. For IVGN, it was a company that I followed. If my IVGN breaches former support of $55.72, shown in the yellow line below, I'm outta there!

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