For Fundamentalists
“The biggest mistake that a fundamental analyst makes is thinking that a stock and a company are the same thing. The biggest mistake a technician makes is thinking that a stock and a company are different.”
—Phil Roth, chief technical market analyst, Miller Tabak & Co. LLC
Even the most ardent believer in fundamental analysis could benefit from technical analysis. Technical analysis helps to time purchases and sales of securities. When a company receives glowing fundamental reports, its stock may not be good to buy. It may have already run up on the news or anticipation of the news. It may have been caught in a frenzy of activity that was unrelated to the fundamentals. Internet stocks in 1998 were a good example of this. ...
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