Why do fundamentals not matter?
I am just writing this in all of about 2 seconds since I was reminded this morning but some clueless guy who wants to take a fundamental approach to investing. He really isn't. He is just trying to sound like he has a clue to what he is doing and in reality, he is getting beating like a baseball during a Red Sox/ Yankees world series.
Dexcom... can anyone guess where its headed to? I think there is an obvious target for the retail crew don't really know how to chart. I think there is an even lower target below that though. It's why charting is important. Fundamentals are all good but they mean basically the stock 1) May not be de-listed 2) It may continue to make new highs. But when do you buy. How do you minimize your risk. Charts. There will always be a time to buy and when to sell and that's why fundamentals mean nothing. The chart will show you what the market thinks about the company long before you read a news article (which by the way, you should never do). Just look at the headlines, I happened to catch a few of them. The more honest people "The market still has a 25% drop to come" Inflation can be combated in two ways, much more aggressive fed action or crush the market to nothing". Then you have the scam artist fund people/ banks who .. ehh, I wont even repeat the crap they are saying. Never ever listen to the news. The chart is everything you need to know.. well and what makes the chart.
Good luck to those that bought Dexcom at 700. I do like the company and think I will invest when it bottoms. They are becoming a force that is acquiring others. Reminds me of my days in the drug/ pharmaceutical sector. I worked for what is now the largest medical/ drug company in the world that started as a little pharmacist back in the 40s and now does billions a quarter. Love seeing companies grow like that as long as they dont step on my toes. lol. They just grew and bought anyone in their way. Literally. I like Dexcom and know they have a great reputation. Anyway, just know when to buy and thats why you need to know charts. Fundementals mean little except chances are the stock ticker will not be de-listed and the chances of higher highs are in your favor if you know when to get in.
Dexcom... can anyone guess where its headed to? I think there is an obvious target for the retail crew don't really know how to chart. I think there is an even lower target below that though. It's why charting is important. Fundamentals are all good but they mean basically the stock 1) May not be de-listed 2) It may continue to make new highs. But when do you buy. How do you minimize your risk. Charts. There will always be a time to buy and when to sell and that's why fundamentals mean nothing. The chart will show you what the market thinks about the company long before you read a news article (which by the way, you should never do). Just look at the headlines, I happened to catch a few of them. The more honest people "The market still has a 25% drop to come" Inflation can be combated in two ways, much more aggressive fed action or crush the market to nothing". Then you have the scam artist fund people/ banks who .. ehh, I wont even repeat the crap they are saying. Never ever listen to the news. The chart is everything you need to know.. well and what makes the chart.
Good luck to those that bought Dexcom at 700. I do like the company and think I will invest when it bottoms. They are becoming a force that is acquiring others. Reminds me of my days in the drug/ pharmaceutical sector. I worked for what is now the largest medical/ drug company in the world that started as a little pharmacist back in the 40s and now does billions a quarter. Love seeing companies grow like that as long as they dont step on my toes. lol. They just grew and bought anyone in their way. Literally. I like Dexcom and know they have a great reputation. Anyway, just know when to buy and thats why you need to know charts. Fundementals mean little except chances are the stock ticker will not be de-listed and the chances of higher highs are in your favor if you know when to get in.
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