Australian (ASX) Stock Market Forum

Anyone notice all the recent post ann Break DOWNS?

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juw177

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Yes I am talking about all the forum favourites

MHL
JMS
RAU
KAL
CTS

Lesson here is dont trust people on the internet blindly.

Disclosure: I am down on mhl and jms and not happy that I missed the sell signals because of the "fundamentals" that people are bouncing around.
 
No need to be so arrogrant. Every one also said DO YOUR OWN RESEARCH, don't they. Yes you should not even take your financial advisor seriously too!

Please be patient, with speculative stock , plus fundamental stocks are valuable mostly in the long run ( 2-5 year time), not in short term 1-3 months.....
 
juw177 said:
Yes I am talking about all the forum favourites

MHL
JMS
RAU
KAL
CTS

Lesson here is dont trust people on the internet blindly.

Disclosure: I am down on mhl and jms and not happy that I missed the sell signals because of the "fundamentals" that people are bouncing around.
Click to expand...

Maybe you should have come up with your own plan instead of following what people are doing on the net.
 
juw177 said:
Yes I am talking about all the forum favourites

MHL
JMS
RAU
KAL
CTS

Lesson here is dont trust people on the internet blindly.

Disclosure: I am down on mhl and jms and not happy that I missed the sell signals because of the "fundamentals" that people are bouncing around.
Click to expand...

Matey don`t feel that you`re alone here.I`ve been smashed more times than i can remember.Not through any internet people though.

I use critical thinking to make choices and repeat + don`t think you are the only one.+
 
juw177 said:
Yes I am talking about all the forum favourites

MHL
JMS
RAU
KAL
CTS

Lesson here is dont trust people on the internet blindly.

Disclosure: I am down on mhl and jms and not happy that I missed the sell signals because of the "fundamentals" that people are bouncing around.
Click to expand...

I am sure a lot of posters, especially here on ASF are genuine in their posts.However people do get it wrong.

If you had a sell signal, always, always act on it.I have been there and it just puts a big hole in your account ignoring stops.

After a while you get to know the good posters from the rampers.I have only met 2 ASF members so I know they are genuine and trustworthy, otherwise we could all be whoever we like .:eek:
 
juw177 said:
Yes I am talking about all the forum favourites

MHL
JMS
RAU
KAL
CTS

Lesson here is dont trust people on the internet blindly.

Disclosure: I am down on mhl and jms and not happy that I missed the sell signals because of the "fundamentals" that people are bouncing around.
Click to expand...
Add ADI and AUT. However all may not be lost with all the so called dogs. Remember the chance of great gains always gives you the chance of great losses. The bigger the potential gain the bigger the chance of a loss.
A good rule is always take some profit along the way. Try and recoup your outlay and free carry the rest. The next, or maybe the first, rule is never speculate with money you can't afford to lose and never speculate with borrowed funds.
Some of these current losers will prosper in the future. You must decide which ones are worth the time and outlay. You only lose money when you sell. You lose value when you hold.
Don't blame the forums. People only post opinions.
 
The first step towards improving.....

Accept complete responsibility for your own actions.

It really doesn't matter what anyone else thinks. You are either trading your own plan or being swept along by emotions...but no-one apart from you is responsible for your results.
 
I started this thread and perhaps you people posting "do your own research" "you are responsible for your plan" are missing the point here. Back off, we know, no need to rub it in.

Research can make you subjective. Research also includes reading posts on the internet, and as a chartist, I definitely let some of it cloud my technical judgement. It usually goes like this, fundamentals that I learn from such research are accurate, but as usual, take some time to be realised. So what to do in the case of a breakdown?

But more so, it was just a rant to point out how our internet forum picks have fared lately and that no amount of research can foresee how the market takes certain announcements... each breakdown on the list came after a significant announcement.
 
That is why you must always have a plan/timeframe in mind.

If you were holding short term, only till the ann then you prob should have abiled when it hit your stop.

If your holding long term because you beleive in the co's long term potential being recognised at some stage then who really cares what happens between now and 6 months or X amount of time.
 
It goes both ways, you mention MHL - if it was not for these forums i would never have looked into MHL. Got in at 3.1c using research done by posters and what I could find on their website and the net.

Sold half at 6.2 which allowed by to take out my original capital and now I have a free holding in the company which I believe will bounce back in the long term.

No one forced me to buy and no one mentioned to sell. Entry and exit are up to you plus your judgement, stick with instincts.

So many stocks out there its difficult to flick through and find them, forums are a great starting point as they open your eyes to stocks that you may not have known about.
 
juw177 if you are unhappy with the current out come what will you do differently next time?

Focus
 
IFocus said:
juw177 if you are unhappy with the current out come what will you do differently next time?

Focus
Click to expand...

Short answer...
Set stop orders! By the time I saw the breakdown announcement (MHL and JMS) the stock was already down around 15%. Very hard to pull the trigger.

I still like reading about research others have done to alert me to stocks but I take my signals from price and volume so I should stick with my plan. That will make a less likely chance that I will be caught out like this again, but also give me more frequent losses when I get stopped out.
 
juw177 said:
Yes I am talking about all the forum favourites

MHL
JMS
RAU
KAL
CTS

Lesson here is dont trust people on the internet blindly.

Disclosure: I am down on mhl and jms and not happy that I missed the sell signals because of the "fundamentals" that people are bouncing around.
Click to expand...

I used to do the same, and have learnt from it. I guess you have to experience the frustration yourself to learn this very valuable lesson :). Nowadays whenever I see 'hot' stocks appearing on all forums, I tend to just put them in my ignore list till things cool down. Always DYOR so you know what you are buying/selling and you can sleep in peace.
 
taking a loss is the most common way to learn the hard lessons in life, and its usually because we are emotional. shut that out of your trading and you'll be the better for it. if its any consolation lots of us are holding dogs.
 
juw177 said:
Yes I am talking about all the forum favourites

MHL
JMS
RAU
KAL
CTS

Lesson here is dont trust people on the internet blindly.

Disclosure: I am down on mhl and jms and not happy that I missed the sell signals because of the "fundamentals" that people are bouncing around.
Click to expand...

Why would you trust people on the internet anyway?

I look at the discussions on companies as a prompter for me to have a look myself. If I think it is worth of an investment, then I jump in.

From your list ... I hold MHL at 3.2 from quite a while ago. I didn't sell, but I didn't expect the retrace to current levels. No-one to blame there except market forces. Not much I can do about that.

I hold JMS too. I thought it would stay up around ~30c, so that's where I bought. It didn't. Oh well, my thoughts and analysis were wrong. So I'll just hold for a little while longer.

As far as the internet goes, threads on both put me onto them, and I did look at the discussion but it was certainly a case of DYOR.
 
JMS is slightly down due to a major shareholder selling out.

No one could have predicted that. I too bought at 31c thinking it would hold.

However it didn't and now I am picking up more parcels at bargain prices as I believe this company has real potential.

MHL on the other hand is another kettle of fish, the director selling out wasnt a good sign when it was close to 100% up.

I wouldn't be selling your JMS off for a loss thats for sure.
 
I don't know why anyone would say KAL was a breakdown. Wouldn't that make people panic and sell possibly creating a breakdown? It seems as bad as ramping to me to be honest.

I am not sure about the others but JMS I know was just internet chatter from what i could see, nothing really happened to hold up the share price to begin with.
 
Add ROY to that list,

ROY's drill results were amazing, 50m's @ 62%Fe, thats DSO and they're in a JV with GBG and the project is next door to GBG's main area so infrastructure ain't a problem,

So why the selloff?

Well I reckon juwi77 is right, there is a growing trend of companies get slammed and sold off on the ann's, its like a growing stag the ann mentality, even BLR today got slammed after upgrading their Uranium resource by 70% I think

I personally hold nearly $1.5m in JMS, CTS, CTSO, ROY, ROYOA and MHL, all of which have fallen

So its a tough tough time for all in the spec end of the mkt,

But I've been around long enough to know that so long as the BULL stays intact (which I firmly believe it still is) then eventuall good stucks get re-rated
 
Man, being a momentum trader its been really really tough last month or so ... gone backwards majorly! It used to be "too easy" ... now i cant pick a direction for the life of me ... I mean the ROY announcement, thought that was going to go ballistic instead it self imploded ... KAL too ... pretty much everything ... strange strange phenomena ... then you get FDL which has seriosly got sweet FA and goes up 1000% ... frustrating to say the least! :banghead::banghead:
 
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