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Varchild2008 (84.43)

Ignore SMARTREND even if you ignore VARTREND

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June 04, 2009 – Comments (3) | RELATED TICKERS: HOTT , AAI.DL , FLIR

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?

3 Comments – Post Your Own

#1) On June 17, 2009 at 12:38 PM, trendtrader08 (< 20) wrote:

LMFAO

You are complaining about a sell recommendation for AAI at $6.30?  The stock is now at $5.91.  That was a friggin GREAT CALL dude.  I've been a subscriber for 2 years and have done very well with it. 

Sounds like you are a) bitter about some losses in FLIR which is a total POS stock; or b) dont know jack about trend trading.  Trend trading doesnt catch top or bottom in calls - it needs to show evidence of a new trend forming.  You should read some books on it because posts like this only prove your ignorance.  SmarTrend's last 2 calls on AAI have been right on the money.

As for FLIR, I just checked the SmarTrend chart and they did put it in as an uptrend on 3/18 at $21 or so, got as high as $26 before they said downtrend.  The past downtrend call was at $29 back in January.  All great calls. 

You need to learn how to trade a system.  Probably why I bet you are broke - stock moves 5 cents against you and you start crying.  Perhaps you are just a child Varchild.

 

peace

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#2) On January 20, 2010 at 11:29 AM, Marcush0 (< 20) wrote:

Dont use software recomendations as your only buy/sell decision making however the information is helpful. No stock info is perfect, and their is always information behind just statistics. Motley fool is no where near perfect, however the caps rating is defently worth while. If you expect one source to make decisions for you, you probably should get out of the market now Varchild. Either that or change your ways before you lose everything

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#3) On January 04, 2011 at 9:48 AM, vhmehta (80.45) wrote:

Trend investing is not always right. Infact the number of stocks you loose money could be higher than the number of stocks you make money... But the margin of the winning stocks over loosing stocks is high if you work with plan. Trend investing does not care about backlogs or fundamental part of the business.

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