Fundamentals DONT MATTER

[imported_bingobazza]

The time frame is the key. Theres no doubt that you can make money by riding trends, but the long term direction of the stock is decided by the fundamentals like how skilled the management is, how easy it is for competitors to invade the companys territory, how good they are at ensuring a good pipeline etc to replace fading cashcows etc.

If you had to put your entire net worth into a company for 20 years before going to the moon, would you rather put it into a company with a long and successful history of increasing earnings at a good clip, or into one on the verge of a large technical breakout?

Its the time frame.

Bingo