Ignore SMARTREND even if you ignore VARTREND
Just as throwing your money at something I recommend without doing your homework first and without any personal involvement with the company's business is incredibly stupid... So is agreeing with "SMARTREND" and their idiotic pattern recognition system.
I never see SMARTREND aplogize when their Buy recommendation or Sell Recommendation is wrong cause IT IS NEVER WRONG!!!
(AAI) is a perfect example. They recommend you sell Airtran holdings at $6.30 May 14th. The Stock has traded today at $6.36 today. But, instead of acknowledging that they were WRONG!!!!
They instead go with the INTRA-Bottom price of $6.10 and boast and brag and slap themselves on the back with jubilation and congratulation and utter Inconsiderate Hooting and Hollering about how RIGHT they were.
(FLIR) is rallying hard UP today. FLIR Systems fundamentally is a great stock cause they got a BACKLOG to cover their growth story for the full year. And additional contracts they may land or additional orders beyond expectations is just icing on the cake.
So SMARTREND gives it a "BUY" recommendation right??? NO!!!!!!!!! OF COURSE NOT!!!
SMARTREND comes in with their ridiculous "Pattern recognition system" and says FLIR is a sell!
So the share price drops from the price they told everyone to dump the stock to about $1.50 below.
They slap themselves on the back, DAMAGE DONE, and move on to TRASH another stock.
They don't always recommend a sell... they sometimes recommend a BUY. But it is never based on the strength and fundamnetals of the company or the sector or the economic macro situation or consumer spending behavior or tourism traffic or anything!
It's just HOCUS POCUS We Predict SELL! And those who buy into SMARTREND then immediately panic and ditch their shares..... Or they panic and BUY the shares....
Hey.... I'll be the first to say FLIR at $26.00 is WAAAAY overbought. It is... But recommending a SELL around $23 for FLIR is ridiculous!!
If you ignore VARTREND and think VARTREND is full of crap.... Why would you then believe SMARTREND is any better?