Originally posted by Darren M
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For my personal take, I don't really trust it. I prefer research. Learn all there is to know about a given project. Then again I'm more of the long term hold type, and to me charting seems to be what you'd use to try to determine when something is going to take off. I'd try to buy in months before that time came. And not sell even when it takes off. Wait a year or two and maybe think about selling once its 3-10x higher than when it took off the first time.
To me, there are too many variables, too much risk in trying to determine when something is about to take off, and buying in right before then. Long term holding seems to me to be lower risk, and higher gain. Just have to have patience. Just identify a good one and buy in when its cheap, then all the charting in the world wouldn't have helped you cause you were already in, in the first place.
Warren Buffett:
"We have long felt that the only value of stock forecasters is to make fortune-tellers look good."
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