Quote:
Originally Posted by lewdog
Sounds about right since that list goes back a whopping 5 months.
Go out a few years, 2-5, and my 90% negative number is more accurate. No thanks on taking on IPOs in the first few months unless you like gambling (which I sometimes do!).
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IPO's are straight up gambling unless you get in prior to the stock actually going public. Stick to the fundamentals, Lew. You got the right idea. Learn to read the charts.
Let me give you .05 worth of free advice. Go get a book called "Technical Analysis of the Futures Market" by John Murphy. Don't shy away because it says futures. 100% of the book applies to stocks as well. It is the Bible of TA. You will look at stock charts in a totally new light and it will open up an entirely new perspective to your analysis.