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  4. SPO Networks, Inc. (SPOI) Message Board

Charts seem to be more useful for trading than inv

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Post# of 6596
Posted On: 04/13/2013 6:48:48 PM
Posted By: rainmaker2

Charts seem to be more useful for trading than investing so I would say i don't have a lot of faith in them for pennies. However, hindsight is also helpful as one wades through the markets and tries to understand what is going on. I always look at 50 mda, 200 mda and support and resistance points.


If HLNT were to  have a material event such as a large fleet contract or a goverment deal for gensets, the charts would be blown out of the water. Those are fundamental changes.


I have never traded this stock. I had fundamental goals for decisions to buy and sell. Perhaps I foolishly let the horse get out of the barn but I don't think so in the long run.


I am always interested to hear what those who are technically oriented in their analysis have to say.



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