We have had our differences in the past and our dear esteemed brethren seems to think he knows it all. If market does not agree with his "deep" knowledge/reasoning, it is stupid. IT was already posted that timing and chart reading is not his thing so his only defence is the classic "time in the market as opposed to timing the market" or TA is BS. I have no issue with anyone not using tools they are not skillful in but making claims through self ignorance that certain strategy/tool is BS is like a workman blaming his tools for his failure. Have you see the chart he posts? Ichimoku clouds was a closely used exotic maths indicator beside the plethora of usually lagging indicators which contradicts his personal claim of TA.
However to be fair he is more an FA than TA so granted he offers some useful opinions on the technical details of geology and mining operations. How using the knowledge he possess did he missed the Li freight train? I certainly did although I did contemplate and tried to use a bit of timing and trading mentality which was mixed; a neutral overall score. Hindsight suggest I would have been better off buy/hold but a lot can be said of any strategy when it does not work! I certainly don't blame it or anyone especially when I miss jumping onto a freight train. If you find that crystal ball you know where to to throw it to.
2 phrases I dislike when putting a tag on any stock, over bought/over sold. It usually is in hindsight. A stock can remain in either status for a long time which revolves around to the age old holy grail for centuries that human beings like to indulge in, Prediction. Good luck with your investment.
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