First post, first Forum and first time beginner investor...Hope to learn from all your wisdom :-)
Actually participated twice in the ASX Investors Sharetrading Game...by end of the last game I ranked 6000/11595 nationally...not really what i had hoped....although at one point (prob half way) I was roughly 1500/11000+)...then I went all emotional and changed my portfolio...oops
Anyway Im at Macquarie Uni (city campus) doing a Masters International Business (MIB) and one of my units is Business Analysis & Valuation.
A topic for an assignment is which of fundamental or technical analysis best predicts,explains,justifies etc Price of a given stock....
Of course its easy to say do both and hence should compliment each other...
My research so far has covered the random walk theory, Shapiro-Gordon Constant growth model (and many variations) and of course Fundamental experts Warren Buffet...to name a few
I realise also theres prob a myriad of Technical charting experts who prob know nothing about fundamentals (let alone care about management of the companies) and who makes millions!!
So, what do you think?
Tell me about your experience... Are you Charting experts who live in the world of elliot waves, ceilings and floors, resistance, candles or are you an Asset less Liabilities = Equity :-)
Interesting to note that when ASIC banned Short selling during the GFC little did we know it was influenced by Macquarie Bank powers that be...can you imagine had ASIC not banned it for that short period, hmm wonder where MAQ would be now? Point is, would Fundamental Analysis have helped, and do you think the Technical Analyst (ie Sharetraders) did not get a fair go what with ASICS intervention? :-)
What do you think?
Thanks in advance