Forum Archive Index - October 2001

[Phaedrus <Phaedrus@techemail.com>]

  WAM is in both a Short-term downtrend and a Long-term downtrend. There is no 
indication of either trend easing, let alone ending. Anyone buying while a 
stock is trending down like this runs a high risk of further downside movement 
- regardless of the underlying fundamentals. I have no doubt that WAM was 
"fundamentally strong" when John bought at 350.
  Cullen notes that WAM is still sliding, and wonders "Perhaps a good time to 
look at entering???" Not while it is still heading South. Wait for the 
down-trend to end. Who knows how low it will go? Better yet, wait for an 
Uptrend to begin.
  Brian asks if this is a "Classic Buy". No, it is a classic "don't even think 
about it yet".
  Unlike Nick, I have found the "Chatters Index" to be an indicator with a 
negative performance correlation. The more speculative and flakey stocks tend 
to be the most widely discussed.
       Phaedrus.

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