Hedgehog University Introduction

WELL Hello there!!

I call myself the TEKHOG.  That’s Technical Analyst for  the  HedgeHog 
Website.   The   HEDGEHOG   (HEAD   HOG)  has  requested  I  write  an 
introduction welcoming you as Hedge Hog U gets cranked up again.  

Back in the mid 90's when the Motley  Fools  began  their  business  I 
wrote to them requesting to be their technical analyst.  They informed 
me they didn't believe in technical analysis.  OK.  

Then  I  linked  up with the Hedge Hog and gave us all a name a la the 
Fools.  At that time,  the then HEAD HOG remarked that he didn’t think 
we  could catch up to the Fools,  they had quite a march on us.  And I 
don’t know if we ever will.  But I recall that when IOMEGA  went  into 
orbit  and  dropped  back past 80 bucks,  the Fools didn't capture any 
profits after the stock had peaked.  I shook my head and  wondered  if 
they  had looked at what was happening technically,  if they might not 
have stood their ground quite so firmly on the  fundamental  analysis. 
There  has  to  be  a  mix of fundamentals and technicals.  There's no 
question about whether or not they  fundamentally  identified  a  very 
promising  company at that point in time.  I owned 2 Iomega ZIP drives 
in those days.  But, things change and CD's and DVD's changed the face 
of data storage.  Now we have memory sticks.  It's just that there has 
to be some way to manage the trade.  (Once we purchase a stock,  we're 
in  a  trade  be  it long or short term).  There has to be some way to 
read what's happening besides  reading  balance  sheets  and  earnings 
reports  and  estimates.  Technical  indicators  do  that they  let us 
see through the smoke screens.  

Our intention is to simplify the technical approach to  analyzing  the 
stock  market  and  to  keep  an  eye  on the fundamentals.  There are 
hundreds  of  methods  of  applying  technical  analysis.   There  are 
hundreds of books and hundreds of software vendors.  Some of them work 
better  than  others.  Some of them really don’t work at all.  We have 
been through a number of those and we have discarded them.  The  basic 
premise  is that technical analysis reads the moods of the markets and 
we have to be aligned with the bulls or the bears at  the  appropriate 
time.  We will run a model portfolio and we will explain the how’s and 
why’s of our choices.  We’ll tell you why we won and why we lost.  And 
there will be both,  don’t kid yourself.  We’ll show you  how  various 
technical  tools  work  and  how they overlap in the messages they are 
sending.  And we’ll probably be able to show  you  why  some  of  them 
fail.  We’ll  show  you  which stocks you should just avoid altogether 
because they are just acting too haphazardly and unpredictably.  

So,  join with us as we set sail once again.  We’re 10 years older and 
wiser  than we were in 1997 when we first linked up with the Hedge Hog 
and 8 years older and wiser than we  were  in  2000  when  the  market 
cratered.  That better count for something.  

Sincerely,

TEK

                                                                     
DISCLAIMER:  The Hedgehog Website and the writers of  this  series  of 
lectures  have created this service to educate,  inform and elucidate. 
We will use accepted methods of fundamental and technical analysis  in 
our  explanations.  Investing  in securities carries with it a certain 
degree of  risk.  Neither  the  Hedgehog  Website,  nor  any  of  its' 
principals  or  employees  can  be  held accountable for any losses or 
gains made by any person following  our  methodology.  We  attempt  to 
provide  the  information in good spirit to be used in whatever manner 
the  reader  sees  fit  to  do  so.   We  use   graphs   provided   by 
Equis'Metastock (tm) software and IQ Charts (tm)