Wednesday, January 17, 2007
Are ENT & PDS Headed Higher?
So it appears that ENT and PDS have both reached a 52-week price bottom lately and are headed higher.
This blog is at least two days late. You can find the original post at StockCounsel.Com
There are inherent advantages to buying at major lows and on the way up. Not only is the downside risk a lot smaller, but the upside potential is also much larger.
OK, I admit I don't usually buy high to sell higher. I don't deny that the greater fool theory that trend-followers use works the majority of the time. But occasionally, when prices get too high, greater-fool theorists and trend-followers may end up fooling ourselves, especially at major price turning points. That can hurt, even badly. Being on the wrong side of the market at major price turning points is not an attractive proposition, financially and emotionally speaking.
So, there is merit to buying low and sell high. The contrarian strategy does work, although it may require more, often a lot more, patience and the ability to go against the majority and prevailing public opinion ane emotion.
This blog is at least two days late. You can find the original post at StockCounsel.Com
There are inherent advantages to buying at major lows and on the way up. Not only is the downside risk a lot smaller, but the upside potential is also much larger.
OK, I admit I don't usually buy high to sell higher. I don't deny that the greater fool theory that trend-followers use works the majority of the time. But occasionally, when prices get too high, greater-fool theorists and trend-followers may end up fooling ourselves, especially at major price turning points. That can hurt, even badly. Being on the wrong side of the market at major price turning points is not an attractive proposition, financially and emotionally speaking.
So, there is merit to buying low and sell high. The contrarian strategy does work, although it may require more, often a lot more, patience and the ability to go against the majority and prevailing public opinion ane emotion.
Wednesday, May 31, 2006
GOOG's Upside Forecast Was Met
On April 10, 2006, we forecasted here at Profit-Prowler™ that the stock price of Google (ticker symbol: GOOG) would move up to the $430 per share level.
At that time we also set a target price of about $430, which was subsequently fully met (indeed exceeded), as we all know by now.
The fact the GOOG has since come down after rising and meeting the upside price target we had set on April 10, 2006 was no surprise, however, though we were too busy to update in advance.
In fact, if you think about it, the purpose of an upside price target is to help investors know not just the direction but also the magnitude of movement. So it would be irresponsible to set price targets that are not likely to be met or exceeded, or worse yet, wrong.
Whenever possible, it is better to err on the side of prudence, and leave at least a little something on the table, i.e. greed is not so good. Too many investors and traders have failed by giving up large gains in an effort to eke out a little more, and in the process fail to act before it is too late.
Our forecast track record has proven a consistency of accuracy, not just in the direction, but also in magnitude and target. Consistent with this reliability and accuracy, and prior to the April 10 forecast, we had forecasted on April 7, that GOOG would move up to $414 which was also met and exceeded, as GOOG moved to $416 level three days later. Of course, past performance is no guarantee of future results, and profitability is never guaranteed.
This is a very brief post, as we have been rather busy lately. However, we shall provide another price forecast for GOOG before long, which may be bullish or bearish, as the situation warrants.
So what’s next for GOOG? We’ll post our research and forecasts here before long.
Keep tuned in to Profit-Prowler™, and thereby be regularly and amply rewarded. This is one of the best, most accurate and reliable forecast there is, in our opinion, on GOOG and on various stocks and financial tradables.
Best of all, it is all FREE. So why not tell a friend?
At that time we also set a target price of about $430, which was subsequently fully met (indeed exceeded), as we all know by now.
The fact the GOOG has since come down after rising and meeting the upside price target we had set on April 10, 2006 was no surprise, however, though we were too busy to update in advance.
In fact, if you think about it, the purpose of an upside price target is to help investors know not just the direction but also the magnitude of movement. So it would be irresponsible to set price targets that are not likely to be met or exceeded, or worse yet, wrong.
Whenever possible, it is better to err on the side of prudence, and leave at least a little something on the table, i.e. greed is not so good. Too many investors and traders have failed by giving up large gains in an effort to eke out a little more, and in the process fail to act before it is too late.
Our forecast track record has proven a consistency of accuracy, not just in the direction, but also in magnitude and target. Consistent with this reliability and accuracy, and prior to the April 10 forecast, we had forecasted on April 7, that GOOG would move up to $414 which was also met and exceeded, as GOOG moved to $416 level three days later. Of course, past performance is no guarantee of future results, and profitability is never guaranteed.
This is a very brief post, as we have been rather busy lately. However, we shall provide another price forecast for GOOG before long, which may be bullish or bearish, as the situation warrants.
So what’s next for GOOG? We’ll post our research and forecasts here before long.
Keep tuned in to Profit-Prowler™, and thereby be regularly and amply rewarded. This is one of the best, most accurate and reliable forecast there is, in our opinion, on GOOG and on various stocks and financial tradables.
Best of all, it is all FREE. So why not tell a friend?
