|
PureBytes Links
Trading Reference Links
|
OK. Buying a stock which you truly believe is "undervalued" is a very
long term trade: 2-5 years.
Nevertheless it is important to understand the strength of the stock you
are trading versus others in the group.
Which brings up an interesting question: is relative strength a
technical or fundamental measurement ???
A few months ago I had my order screen filled with a buy on Citigroup,
right as I was listening to Alan Greenspan on CNBC.
As soon as he announced a drop in rates, I pushed the button. Technical
analysis didn't enter in to this trade.
|