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Paul Price
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Dr. Price writes about stocks, options and the market every weekday on Real Money Pro, a subscription site Paul has been a speaker at the International Traders Expo in New York City and the Options and Forex Expo in Las Vegas. He also gives investment seminars for subscribers... More
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  • Most Market Comments Are Worthless Garbage 6 comments
    Feb 27, 2013 3:06 PM

    To appreciate how useless technical jargon and charting can be, read it line by line.

    I will not disclose the author of the paragraph below in order to protect the guilty.

    This was published early on Tuesday, February 26, 2013 following Monday's greater than 300-point intra-day negative reversal of the DJIA.

    (click to enlarge)

    (click to enlarge)

    The true value of the shares you can buy does not vary based on market action. In the absence of any company-specific news, lower prices are good for investors with money to commit.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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Comments (6)
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  • Grand Nagus Kelly
    , contributor
    Comments (1838) | Send Message
    I have nothing to say. I bought Zinga cause my daughter told me to. I bought Aastrom cause I thought it would be funny to tell my wife I bought some ass.


    On the other hand, my reasons were clear unlike that joker who's comment you commented on.


    Success to you Paul.
    27 Feb 2013, 03:58 PM Reply Like
  • raykrv6a
    , contributor
    Comments (3643) | Send Message
    I like your article Paul. I don't buy most of what I read and hear. Jeff Miller on SA publishes a pretty balanced view in my opinion. I like David Frye's articles for the commentary and charts.


    27 Feb 2013, 04:20 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4947) | Send Message
    Frye is worthy of consideration. I have a few others I follow as we'll. I find myself spending more and more time considering investment options and I find far too little on Tax Avoidance Options.


    I am selling Non-Core Royalties and Buying Raw Land using the 1031 Exchange. Seeking Alpha could be an improving Platform with more Contributions regarding Bonafide Tax Avoidance Options!
    28 Feb 2013, 05:26 AM Reply Like
  • jaych79
    , contributor
    Comments (512) | Send Message
    The only problem is we have a government that is looking for more revenue (even though we don't have a revenue problem). The 1031 could be on the table. I hope I am wrong, but I certainly see that "loophole" being eliminated.
    28 Feb 2013, 12:50 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4947) | Send Message
    As to IRS 1031 Exchanges, they are Great for avoiding Federal Taxation, but not without a bit of cost. I have found Exchange Resources to offer the best Deal Papering for the least cost to me. A Million Dollar Exchange may cost you less than $500 for the Intermediary's Papering. $500 to save $290,000 ain't a bad lick at all!!!
    2 Mar 2013, 06:16 AM Reply Like
  • Chumpmenudo
    , contributor
    Comments (756) | Send Message
    Nice article Paul; reminds me of my local weather - 50% chance of rain.


    1 Mar 2013, 06:27 PM Reply Like
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