WACG

Good Companies Don't Always Make Good Investments

Another useless blog article that was created simply because words need to be generated and bandwidth used. The article is utterly uninformative - of what use is the observation that "Good Companies Don't Always Make Good Investments"? The article is a perfect example of chit-chat small talk that merely adds to background noise.

Overbought and Oversold Stocks That Typically Reverse at Similar Levels

There is nothing significant about a 50 day moving average. In fact, a 50 day MA represents, merely, what was happening with the price TWENTY FIVE DAYS AGO. Further, standard deviations have meaning ONLY with data that is independent and "normally" distributed. Stock prices are irrefutably NOT independent. This sort of "analysis" only reinforces the dictum: "When your only tool is a hammer; all the world's a nail".