SentimentRules wrote:Your misunderstanding charts. As most do. It's real time fundamentals. It's telling me now, what institutions think of a company looking forward. It's telling me that because i analyse them correctly.
But the chart is merely a collection of various parties' sentiment. It says very little about the worthiness of the entity whose stock price is being charted. What about the dotcom boom? I'm glad I wasn't investing then, and if I was, I'd like to hope that I didn't just "follow the chart".
FWIW I've only been investing for about 16 months so my opinions are very weak - however back in the summer of 2018, I followed the chart probably too much and ended up buying Persimmon (PSN) @ 2686, Bodycote (BOY) @ 1020 and Zytronic (ZYT) @ 520. Fair enough, I am in this for LTBH, but even so I wish I'd taken much less notice of that wriggly line graphing SP vs time (in the past).
Matt