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Old 07-20-2008, 06:44 AM
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Re: ROIC is N/A on MSN

I personally think technical analysis is close to financial insanity. Would you buy a resturant because one person a week ago asked to buy the resturant for 2 million, and then another yesterday offered to buy it for 1,5 million, and today another person offering once again for 2 million, and you see some sort of "pattern" and then you buy a whole resturant just because of a zig-zag, up-and-down EMA DEBA ETI or whatever you chose to call the pattern?

Technical analysis doesn't care about if the business is making money or losing money, or how much money it is making.
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