re: Official Erin Energy (ERN) thread

I think I've mentioned that in past posts, but nothing came of it then. Of course, the only technical I look at/mentioned was the RSI. I'm also not sure about $4 being much of a resistance level. Every dollar amount seems to be a psychological barrier, but ERN hasn't really gotten up to $4 to test that barrier since this month started until now.

Your post implies you're a technicals guy. I'm more of a fundamentals guy who also feels around to get the market's sentiment. Do you have much success with technicals? Every time I have looked at a stock or been recommended a stock through technicals, the stocks have done poorly. I ask because I would like to know if there are any other basic indicators I could use to help with investing/trading decisions, but I want to know they have good success rates.