RE: Chartists18 Nov 2019 09:08
Personally, I cannot believe charts are worth a light on start ups.
Once a share has an established history, then, maybe, history will repeat itself.
None of of what is happening at SXX and TLOU, my principal stocks , is likely to recur.
Digging your first hole in the ground happens once. Doing anything at all, for the first time, happens once. First production generator and wells, transmission lines , contracts for electricity all are unique occurences until they are history (hopefully by Xmas next year).
Charting a stock for start ups is akin to betting on a dart player in his televised tournaments because he/she looked good in the pub. Any PDC player would look fantastic from his results in pub games - they don't all become world champions though.
I remember a player called Martin Wortley in a county match, Dorset v Middlesex. Glen Edwards averaged 135 for Dorset and did not get a shot a double! Martin won 3-0 in 10, 11 and 12 darts!
Obvious motm (for the second match on the trot)!
I called the missus through when he played Ceri Morgan, Welsh international, but not a winner of major tournaments.
Career finals
WDF major finals: 1 (1 runner-up)
Outcome No. Year Championship Opponent in the final Score
Runner-up 1. 1979 World Cup Singles United States Nicky Virachkul 3–4 (s)
I expected Martin to thrash Ceri! But he looked very ordinary once the camera was on him.
Not a great comparison but you'll get my meaning!