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Great opportunity coming up

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I suppose if you're not an active trader and can't manage your positions it's very difficult to take advantage of these rallies. No reason to buy and hope yet, I agree. But buy dips and sell rallies might be profitable.
 
MUST expect some consolidation here. Question still is, was that a bottom? Or, one swing lower. If we drop a little bit, and make a higher low off some support, then that'll be the next great buying opportunity probably. Really want to see the 34-3500 zone to hold up. If it does, whoohooo!
 
We're up 500 plus points since the start of this thread.

And I have watched mostly.

Missed the golden opportunity that I knew would come.

Instead of waiting for those last couple of hundred points, I should have just gone in incimentally, as I thought I should.

Shouldn't have listened to the blind scaredy bears.



But who's to say it's not going back down there I suppose. At the moment, hard to watch with so much cash earning a whopping 3%)

 
I've got a feeling that we've seen the end to this leg up. The Jan 3 high is too much I feel.

I'm short the ASX 200, as a hedge for stocks held.

Back to at least 3500 I think, or maybe 50% of this gain which could take us to 3400 ish.

If we get a nice bounce down around there, then the larger move higher to around the 50% bounce could be on.

Will wait and see how it unfolds.
 
That short went well. LOL. Was a hedge, a poor hedge.

And the US keeps going, and we'll follow I suppose.

Surely 3700 ish is a nice point for a correction?
 
Missed the golden opportunity that I knew would come.

Instead of waiting for those last couple of hundred points, I should have just gone in incimentally, as I thought I should.

Shouldn't have listened to the blind scaredy bears.
Click to expand...
Dear Kennas,
- Fact is you didn’t make larger investments in the low 3000’s because you were a “scaredy bear yourself”.

- You were looking for 27-2800 not 3000 or 3100 you were looking for at least 2800. “2800”

- Some pointed out to you that your 2800 is within 15% of the current levels at that time and were suggesting that it was close enough and you should just buy.

But no, Kennas takes the safer path and then blames others, LOL
 
No I have clearly blamed myself.

I don't need your smart comments here MR.

Goodbye.
 
LOL

Dear Kennas,

- you could have left your entire portfolio in, as per MR. did, and this way, you would have capture the full essence of this bounce!

 
Dear MRC, Yes, I could have, and I would also capture the full essence of this next leg down which looks like it's about to start to me. That opportunity I was talking about may still be there. Watch out below! eeeek! SK
 
lol, exactly my point!

If it was reasonably clear to see the up move, this down move was clear as day! Almost too clear! eek
 
Looks like that was one hell of an opportunity with about a 50% bounce with some juniors in the exploration sector up 100-500+ percent.

I think another opportunity is coming up with a perfect storm brewing for the wold economy.

Double dip anyone?

Cash sitting, and waiting...
 

All the blogs and associated comments at the old ASF have been imported as forum threads and I am going through them one by one and merging them with other blog entries by the same author, or simply moving them into the appropriate forum based on their content.

This morning I came across this old blog entry posted by kennas on 2 March 2009 calling the bottom of the XAO bear market. Sure enough, March 2009 signalled the bottom with a low of 3052.50 recorded on Monday, 9 March 2009, exactly one week later.

Fantastic call kennas!

 
It's a good reminder of opportunity cost. Capital preservation is king, but you can lose quite a bit by sitting on the sidelines forever in fear of what might happen. Learn to manage risk and keep your money working for you.
 

So close....

He was going to buy in at the 2800 level but it never reached that low.

So he never invested even though he picked the whole situation correctly.

Wow

It surged up from that low to high 4000's almost 5000 mark by the beginning of 2010

xjo is now 5600 mark
+1 opportunity cost

Stay at home you lose
Party to hard you lose too
 

Super call, very rare to see anyone stick their neck out.

----------------------------

Oh here's me 3 weeks later buying 10K worth of Aristocrat Leisure, throwing every dam thing i had at it, sitting on 35K in open loses...those were the days.

So_Cynical said:
Apr 1, 2009 ALL - Aristocrat seems to have found bottom ..at 5 year lows now.

Anyway it was the somewhat range bound SP that has attracted me...in today @ 3.38 hoping
Click to expand...
 
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I posted just about every trade, just about every day, whilst I was consumed with the market. I made money but it was stressful. I went back to something less stressful, but less lucrative, the Army. Since being back in the Army, I've deployed on three operations and it's still less stressful than trading. In the Army I have a gun in my hand and have some control. Something I didn't have with shares during the crash. Especially with trading small caps. The risk is when the buy side disappears. If no one is buying during a crash you're toast. If you're trading small caps then exit strategy is paramount. I thought a couple of stocks would come back because of fundamentals, but the best analysis didn't hold them up. Those buying small cap spec stocks should be prepared to sell at an instant and have no emotional attachment. Even after they've spoken to the CEO. I'm just about feeling excited about the market again. The overall market is just above where I sold out in 2009. 5500-6000 points is still a major hurdle. If it gets through 6000, I'm in!
 
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