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Message: RE:DON

So, Wolfster, you still think fundamentals matter, eh? lol!

Acutally, it's not that fundamentals don't matter, but they are hard to really know. All kinds of things can and do happen within a company or its operating environment that are not put into print (until it's too late).

I used to read financial reports & press releases, but all that would do is give me reasons to ignore the price action - and price action is the only truth you can really know. Eventually I learned to trade based on the price action rather than what I thought of the fundamentals. The logical extention is for my trading, fundamentals don't matter.

I do make exceptions, such as tax loss selling season, when I buy stocks with horrible technicals, because I know the probability of a post-Christmas bounce is high. I agree with you about Donner - it really looks like it's found tax loss bottom. I wish you good luck with this. I own a very small (underwater) position which I'm hoping to sell into strength.

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