Point and Figure Charts vs Other Investment Advice

by | Jul 11, 2011 | Asset Management, Point and Figure, Technical Analysis

Weekly Commentary for February 15, 2011

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Each week, John Dorfman (syndicated columnist from Bloomberg.com and chairman of Thunderstorm Capital in Boston) publishes a weekly column. If you live in central NJ, his column is carried each week on Sunday in the Asbury Park Depress. His column is published in many papers around the country. His column interests more than just financial advisers and other investment managers.

Dorfman recommends several stocks each week. What WE DO is take *his* recommendations and look at them on a point and figure chart.  Dorfman is a value manager, he wants to buy beaten down companies at pennies on the dollar. The problem with the “value approach” is investors need the patience of Job to see if (and when) these recommendations ever work out.

We do not give our own recommendations on the podcast. We save those for you. Instead, what we do is take *his* ideas and see how they look on a point and figure chart. Now, if you have a tip or an idea you want us to put up on a chart, get in touch with us.

If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.

If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website.

Under no circumstances should the content discussed on this post be considered specific investment advice.

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