Friday, October 13, 2006

All that Matters is Price and Volume.

I recently made a short term trade in my retirement account. It was in a stock called OMG:

If there's one thing that OMG has taught me, it's that sometimes, even the best technical indicators are useless when it comes to certain stocks. Sure, you can pull up 2 or 3 different technical indicators that say OMG is so oversold, but at the end of the day, all that matters is price and volume.

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