Australian (ASX) Stock Market Forum

Anyone notice all the recent post ann Break DOWNS?

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Personally im trying to move away from explorers, and shift my cash int already (just) producing or very near term (less than 3 months) producers, as this somewhat mitigates the risk of big swings explorers have, while still providing a nice upside potential.
 
Good thread...

Theres far too little talk about negative experiences around here. I think a problem a lot of traders have is dealing with losses. I've noticed that the only really active threads are those about rising stocks. Once it turns and falls, the thread goes dead, even though many still hold. So theres a natural instinct to not talk about things that aren't doing so well.

My position Statement is also in intensive care. Mostly due to my own lack of experience. Thinking its ok to hold a falling stock because the market went down too.
 
This could be slightly off topic. But read it wholly before you decide.

I reckon this can bring back a post I created ages ago. "riding the ramp". I've discovered it's a very real trading strategy. Sure some people may think it as unethical, but there is many a dollar to be made by doing just that. With that said, in reading various different forums, I do find ASF to be the most legitimate. Meaning I don't see the blind ramping here. But let's face it, a ramp, with or without facts is still a ramp. Meaning you can back it up with all the data you want, but if you are alerting people to a particular share, it then becomes a very subjective ramp. To one it's an informative post, to another it's someone pushing their own cause and or agenda.

Still though, one must thoroughly do their research. Just because YT, Prawn, Kennas, TechA may have a positive post doesn't mean you or I or anyone should blindly buy into that. Anyone who does that is a fool. I have never got the feeling they are leading anyone astray. But a person would be very foolish to buy just based on a good post. But fools there are plenty. Greed is a human characteristic. People get sucked in and excited by a good post. Knowing someone has a good track record, then seeing them post some information on a company, it can turn someone into a race horse with blinders on. They know they're running, and running hard, but have no idea why they are running.

There have been many a company on here that has been talked about and people who invested wisely made a lot of money. YML for example. It’s easy to pick on the shares where one has lost, but I don’t see you congratulating YT on that one. Like all investors, traders, and gamblers. You win and you lose. Ideally we all like to have 100% profits. But that is just unrealistic. There will always be losing investments.

Getting back to my original paragraph though, it’s completely up to each person to take responsibility for their own actions. If I buy based on a post I saw, whether it be here, HC, FP, or wherever, at the end of the day, it was myself who put that buy order in. Only I can be held responsible for my actions. To emote negatively and publicly about a forum leading you astray makes one sound like a sheep following the herd.



juw177 said:
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.
Click to expand...
 
Synergy said:
Good thread...

Theres far too little talk about negative experiences around here. I think a problem a lot of traders have is dealing with losses. I've noticed that the only really active threads are those about rising stocks. Once it turns and falls, the thread goes dead, even though many still hold. So theres a natural instinct to not talk about things that aren't doing so well.

My position Statement is also in intensive care. Mostly due to my own lack of experience. Thinking its ok to hold a falling stock because the market went down too.
Click to expand...

Believe it or not but my position statement has improved over the last month due to .... IIG. IIG for those who are not aware is a penny dreadful failed investor in tourism stocks that found a very speculative gold tenement, grabbed a few samples, reported a few hits +40 g/t and bang, a 225% return. Every 'legitimate' position taken has been hammered out of the water. Only thing to do is:
1. hang on for the bottom while in the mean time we walk on water;
2. set stop losses;
3. take on ridiculous amounts of risk; or
4. invest in BHP (and be bored senseless).

The one that still hurts the most is QOL. Mining lease is finally granted after an eternity and the sp falls 20% triggering my stop loss. Another share that had a fantastic announcement today was KGL - Kentor Gold. Drilling program has been a fantastic success with widely spaced intervals of +10 g/t gold. SP down for the day! I don't think this is a trend only related to the ASF 'top 10' list - MHL, KAL, JMS etc.

Off course, I concur. My top 5 trading rules, all learnt the f**ken hard way, are -
1. Know what the market is doing. Understand the economic indicators, where they are heading and your portfolio's covariance with the market.
2. DYOR. Start with checking cash and shares on issue. Think of dilution, placements and the markets reception to these.
3. Have a trading plan and time horizon.
4. Set stop losses.
5. Celebrate your wins and learn from your losses. You will have more losers than winners if investing in high risk shares.

Take it easy people. Now if the next two ROY drilling targets are +60% FE, does this mean ROY will have a value in the mid teens. Strange times. C'mon Santa ease our furrowed brows and give us some legitimate price action.
 
You are right gordon, the information on this forum has made more people money than otherwise. Learned a lot from people like YT. In the end, you are the one who decides to act on the information.

Most of the research I used here has been tip top and accurate. But people make more money going against the herd. If you are watching a company in anticipation of good results, will you buy in now or until after the results are announced? And if this anticipation is publicised to the internet masses most of whom are looking for a quick profit, what do you think will happen when the results come out, no matter how good?

And dont forget, information is publicly available and that is factored in the price. You can bet YT was not the first one to arrive at his conclusions. And, YT, should also add MDX to the list, I had been watching that one too from the posts on your thread. It just makes my head hurt when you look at other recent announcements like FDL or BOW.
 
Ive never brought in to any of the popular (Ramp) stocks...after all the internet is full of crap and i figured that applied here as well :)

My holdings (total avg) are up about 18%...mostly Gold producers, since i started in late July....2 days before the correction.

I just don't know what the attraction is to company's that lose money.:dunno:
 
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