Great analogy from Ralph Wanger in the bold at the start of this piece from Strawman.

“[There’s] an excitable dog on a very long leash in New York City, darting randomly in every direction. The dog’s owner is walking from Columbus Circle, through Central Park, to the Metropolitan Museum. At any one moment, there is no predicting which way the pooch will lurch.

But in the long run, you know he’s heading northeast at an average speed of three miles per hour. What is astonishing is that almost all of the [dog watchers], big and small, seem to have their eye on the dog, and not the owner.”

The ‘dog’, of course, refers to the daily movement of a company’s share price, with the ‘owner’ being the underlying business. And we ‘dog watchers’ are, depressingly, guilty as charged.


SFR passed it’s 3PTL buy price yesterday. I have added it as a Buy to the watchlist with a QAV score of .20


I also raised a price alert in SD for the SFR price if it goes below $4.86 as it’s 3PTL sell price isn’t too far below its current price.