First post... and first question

[luce.rocks]

hi folks,
i'm super-new to all this share business (as in, only started looking at it um, yesterday) but i want to get in on this uranium gig.

so far i've decided i'm only immediately interested in producers, or those that are about to go into production in 2007-8. (i'll also take a gamble and grab some cheapo-long-odds U company and hope that it skyrockets with all the hype and that i can get out of it quickly enough, but that's just for fun and i wouldn't commit anything i couldn't afford to lose).

my main question is: if you buy into a company with good mid to long term prospects, but then the market gets really hot, but your plan was always to hold for 5-10years min, but you can see this company getting over-priced - should you sell? or just wear it when things drop back?

sorry if that's a dumb question but i know nothing about stockmarket stuff. i know that i think uranium is a viable energy alternative and that demand for it is increasing, but i also know there's a bit of uranium-buzz atm. so while i want to buy for mid to long term gains, i don't want to find myself bust at the end of 2007 if the u-bubble bursts...

do you sell and then buy back in? is that the way it goes?

cheers!

oh, and i should search for this, but: is it easy to buy into a foreign stockmarket? like, can you do it the same as you would the aussie one? or do you need special brokers? taa.

 

[barney]

Re: first post! and first question

hi folks,
i'm super-new to all this share business (as in, only started looking at it um, yesterday) but i want to get in on this uranium gig.

so far i've decided i'm only immediately interested in producers, or those that are about to go into production in 2007-8. (i'll also take a gamble and grab some cheapo-long-odds U company and hope that it skyrockets with all the hype and that i can get out of it quickly enough, but that's just for fun and i wouldn't commit anything i couldn't afford to lose).

my main question is: if you buy into a company with good mid to long term prospects, but then the market gets really hot, but your plan was always to hold for 5-10years min, but you can see this company getting over-priced - should you sell? or just wear it when things drop back?

sorry if that's a dumb question but i know nothing about stockmarket stuff. i know that i think uranium is a viable energy alternative and that demand for it is increasing, but i also know there's a bit of uranium-buzz atm. so while i want to buy for mid to long term gains, i don't want to find myself bust at the end of 2007 if the u-bubble bursts...

do you sell and then buy back in? is that the way it goes?

cheers!

oh, and i should search for this, but: is it easy to buy into a foreign stockmarket? like, can you do it the same as you would the aussie one? or do you need special brokers? taa.

Hi Luce, My 2 bobs worth for what its worth ........... To buy and hold quality U shares medium- long seems like a sound plan to me ............. To trade the shares and re-buy in the dips is also a sound plan but would need some study in Tech Analysis (plenty of info around here etc on that) So I'd say go for it on both ideas ............. You could always hold the bulk of your shares longer term and only trade with say half your shares, so if you get it wrong, either way, you are still in the game so to speak ............. Others around here will be able to give you more specific advice. All the best, Barney.

 

[Sean K]

Re: first post! and first question

I normally like to lock in some profits if something has say, doubled, and wait for another buying opportunity. I normally do this incrementally though, so I buy a few and if the trade is working keep topping up until it turns sour or the original reason for buying has changed. I try to lock in profits incrementally as well. This is more relevant to what I would call 'trading' stocks too, and not those which should survive better in a severe downturn, or not completely subject to a commodity price for example. As uranium looks to be heading to $80+ next year, and other estimates of $100+ in the next 2 years you'd have to think good quality U stocks with large indicated resources would be a sound investment. Be wary of any frothy, bubbly action occuring around stocks that have no defined resource, and used to have 'dot com' after their name in 99. Good luck, it takes a while to develop an investment and trading plan that works best for you. I've been doing this for about 12 years and I'm still learning and developing my approach every day.

 

[Wysiwyg]

Welcome to the uncertainty of share trading.....these few words might save you a few bucks.

The people with experience get the money; And the people with money get the experience!#

Let us know, how you go.