Todays market may offer an opportunity for short term traders. Often I note that there is a sell off on Friday when there is a possibility of a bad Friday around the world. Our market seems to then have a good Monday of Tuesday. May be an opportunity but be carefull and definitely DYOR.
Buy on Friday, sell on Monday
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Trembling Hand
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If this isn't ramping at the most dangerous time of the last 20 years I have no friggin idea what is.
This should be deleted for the shear stupidity of the Financial Advice it is slyly giving.
DANGEROUS!!!!!!!!!!!!!!!!!!!!!!
This should be deleted for the shear stupidity of the Financial Advice it is slyly giving.
DANGEROUS!!!!!!!!!!!!!!!!!!!!!!
chops_a_must
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Yep.
Unethical of the highest order.
Unethical of the highest order.
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I actually agree with Nokia. The last two weeks have seen me only buy on Fridays and out on Mondays. Short, quick profits, but i think it wont work this time around. None the less, i took a swim this morning. I figure it will work, or i'll be signing for my supper for the next 6 months.
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A modification of Nokia's strategy: Sell on Mon, Tues, Wed, Thurs, but not Fri 
I've put my money where my mouth is. Can't do more than that. I haven't bought any thing that I'm not prepared to hold though.
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I've been buying up big this week. Hadn't touched a stock for 3-4 years previously. Had been waiting for a capitulation all this time. It was tough sitting out during the boom, but now I'm picking up stocks at pre-boom prices. I'm not a trader, medium to long term is my time frame.
Taking a paper hit on a blue chip sits fine with me. Being down 10-15% on paper from buying in now is a lot better than being 50+% down from buying in 2-3 years ago like I'm sure many people are right now.
Taking a paper hit on a blue chip sits fine with me. Being down 10-15% on paper from buying in now is a lot better than being 50+% down from buying in 2-3 years ago like I'm sure many people are right now.
GreatPig
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I won't sell. I'll top up my holdings.
There are a million "what ifs" at the moment. And this tranlates into the fear and panic that is everywhere. The world is not going to end.
Funny how people buy up during the boom, but won't buy when those very same assets a half or quarter the price. The fundamentals haven't changed in many of the companies I've bought into.
Share prices aren't a value of what a company is worth now. They reflect the future value of a company. And I'm looking past the current financial crisis when valuing these companies.
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This is based on a subjective GUESS.
I agree it is dangerous to sprout this stuff. And, it is better to be full of care.:kebab
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you will make a mint, look at Buffett buying GE recently..
if i had cash i would be pouring it into the market but i am holding for the time being
so many bargains though
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I bought substantially on Friday. Okay..not quite Buffetesque, but I believe I bought at a level where the downside from here will be minimal and quickly recoverable. Saying that, I am still mostly in cash!
Let's call it an educated guess. It is only dangerous for someone who can't afford to take the risk.
Trembling Hand
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Its a DUMB trade when looking at risk vs Reward.
Its a Dumb Trade looking At it in terms of favourable Volatility.
Its a dumb trade looking at it in terms of trend.
Trend; we are, if the bottom callers haven't noticed, in a HUGE down trend,
Volatility; Moves have become on occasion simply staggering. More damage can be done in a day at the moment than a week of the 02- 07 bull run. Therefore all positions need to be small or you are simply a fool playing Russian Roulette.
R:R; Many stock were down 10%, some much more. Trying to figure out what would be possible for Monday during Friday you would have to say that there was a chance that they could do the same on the down side Monday but I'm pretty sure no one would think they were going to recover that much of a drop in 1 day. So you are risking 1 to make best case 1 but probably 0.5.
I'm not adverse to quick against the crowd trades but this one would have to be made with such a small % of capital for no better than 1:1 even with strict "Buy on Friday, sell on Monday" its still a bad trade.
Its a Dumb Trade looking At it in terms of favourable Volatility.
Its a dumb trade looking at it in terms of trend.
Trend; we are, if the bottom callers haven't noticed, in a HUGE down trend,
Volatility; Moves have become on occasion simply staggering. More damage can be done in a day at the moment than a week of the 02- 07 bull run. Therefore all positions need to be small or you are simply a fool playing Russian Roulette.
R:R; Many stock were down 10%, some much more. Trying to figure out what would be possible for Monday during Friday you would have to say that there was a chance that they could do the same on the down side Monday but I'm pretty sure no one would think they were going to recover that much of a drop in 1 day. So you are risking 1 to make best case 1 but probably 0.5.
I'm not adverse to quick against the crowd trades but this one would have to be made with such a small % of capital for no better than 1:1 even with strict "Buy on Friday, sell on Monday" its still a bad trade.
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I was under the impression that Joe said to back up claims with some clear evidence or it could concur as ramping.
Buying shares is buying into a company. If you look at the fundamentals of a company and want to be part of it why not buy shares in it? ASX Shares in all sectors are at bargain basement prices. Ask yourself, why is Warren Buffet buying? I maxed out my SMSF account Friday! Bring on Monday!
prawn_86
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Possibly because he is good friends with the CEO or MD or whatever. Also the fact that he got offered an awesome options package that last for about 10 years.
I would consider buying under the terms he was offered
apra143
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I'd rather ask why Buffet buying into a crashing market makes headlines?
Not such a dumb suggestion after all. I've done very well out of it. To me it has turned out to be exactly as I expected.
Nice call Noika, quick question: how often do you look at the friday buy, sell monday strategy (if you call it that)? after heavy selling earlier in the weeks? or every friday? hehe
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