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dncleaver - Thu, 02 Jan 03 :

Recruiter: Well done! You must be very proud of your correct prediction. When I posted my opinion about the over-use of charts, I was not referring just to Emblaze, but to all companies. How can you apply a set of fairly simple mathematical relationships to a highly complex dynamic situation and expect to get a reliable result? For example: If Emblaze were to anounce a deal with Vodafone tomorrow, then MM02 on Monday and Orange the day after, how can the resulting jump (presumeably) in share price have been in any way predicted by historical price fluctuations? - all the previous support and resistance level figures would not matter one iota.

Rather than try and predict share movements by looking at past performance, surely it is better to simply keep your eye on what the company is actually doing. If you did this, you would realise that Emblaze represents excellent value at the current price. That is all you need to know.


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