Lupus Capital

(O/T)
handycam,
I probably am wrong about charting but I'm too old and idle a dog to learn new tricks now! As an investor rather than a trader, I'm less interested in short-term movements and prefer to seek out undervalued companies which generate profits and cash from real assets, pay dividends and have long-term growth prospects rather than try to call the top and bottom. A classic example of what I think is wrong with charting is shown in the thread entitled "IS SFI GROUP MASSIVELY OVERSOLD? (SUF)" - worth a look although most of the opening charts are now blank as it went bust! (Some) chartists just don't seem to raise their eyes from the screen and look out into the real world to see what is actually happening out there. Like many things in life, I suspect that the truth lies somewhere in the middle - that charting is a useful tool like fundamental analysis, but any tool is only as good as the guy wielding it!

Regards, Ian

P.S. Re; your ref to Regus, I don't have any position, long or short, but I do have an opinion(!). Chartists may have foreseen the recovery in the share price (as may non-chartists close enough to the action to see how the price was being rigged!), but they won't convince me that it is sustainable unless/until the company makes a profit.