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HLI - Helia Group

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You appear to have misguided opinion of your abilities.

Along with an innate capacity of devising your own concept of reality.

Paired with a strong desire to be right.

Fortunately your post will be here in 12 mths for reflection.
As of course will be this one.
 
Jumping Ship maybe.

Genworth Mortgage Insurance Australia faces investor and analyst backlash on Monday after the lenders mortgage insurance giant revealed late on Friday that its chief executive, Ellie Comerford, was leaving the company.

Or he just looked at the chart and said to himself, I am doing a crap job.
 
satanoperca said:
Jumping Ship maybe.

Genworth Mortgage Insurance Australia faces investor and analyst backlash on Monday after the lenders mortgage insurance giant revealed late on Friday that its chief executive, Ellie Comerford, was leaving the company.

Or he just looked at the chart and said to himself, I am doing a crap job.
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Lol...

It's a She actually.
 
Rainman said:
Some backlash! It closed up over 300 points.

Take that as a lesson, Satanoperca. Be smarter than the SMH and don't try to predict stock prices.
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Only took a couple of days.

Those that live in glass houses should not throw stones.

Those that call themselves Rainman should not predict stock prices. 300 point drop today.

Looks like Joe is going to win either way.
 
satanoperca said:
Only took a couple of days.

Those that live in glass houses should not throw stones.

Those that call themselves Rainman should not predict stock prices. 300 point drop today.

Looks like Joe is going to win either way.
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I am starting to think that you're on crack, Satanoperca.
 
2 weeks on the price chart doesn't look too bad...

Capture.JPG
 
skc said:
2 weeks on the price chart doesn't look too bad...
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Yeah but everything bounced from that point, a few energy and gold stocks up 40% or more...everything i bought 2- 4 weeks ago has bounced, RFG, TPE, AFI, MVW. all up.
 
I find it extremely instructive to occasionally look back at the posts of our resident tea-leaf readers who are full of all sorts of dire prognostications at a particular point in time about a deeply undervalued stock's future but when that stock performs in just the opposite way to the way that these fortune-tellers have predicted, they are nowhere to be heard.

I am yet to find a TA guy who has bagged an investment thesis based on fundamental analysis ever owning up to the fact that they were wrong.
 
Rainman said:
I am yet to find a TA guy who has bagged an investment thesis based on fundamental analysis ever owning up to the fact that they were wrong.
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Its a timeframe differential. The FA guy will still be there a year later whereas the t/a guy will be gone in days/weeks at most.
 
skyQuake said:
Its a timeframe differential...
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Well, if you are right only for a couple of days, can you really be said to be right at all?

It's like calling Operation Barbarossa a victory for the Nazis. Actually, that analogy is too generous. At least the Nazis' initial success against the Soviets lasted longer than a few days unlike the call by tech/a and his side-kick on GMA.
 
Rainman said:
Well, if you are right only for a couple of days, can you really be said to be right at all?

It's be like calling Operation Barbarossa a victory for the Nazis. Actually, that analogy is too generous. At least, the Nazis' initial success against the Soviets lasted longer than a few days unlike the call by tech/a and his side-kick on GMA.
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If you're a trader, being right is only necessary less than 50% of the time. Being profitable is what matters to most of us.
 
CanOz said:
Being profitable is what matters to most of us.
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In this case, I doubt whether tech/a was even profitable. But I suggest you go back and look at the original thread of the discussion. The substance of tech/a's criticism was:

1. Anyone who invests in GMA was an idiot because the trend was down;

2. Anyone who says that GMA at $2.40 was undervalued was an idiot because the trend was down; and

3. Anyone who says that GMA will not stay down at $2.40 for long was an idiot because the trend was down.

As you can see, the insights offered by tech/a were penetrating by their obtuseness. Needless to say, there are many instances of tech/a and his acolytes on ASF thundering away against fundamental analysis in this way.
 
Rainman said:
1. Anyone who invests in GMA was an idiot because the trend was down;

2. Anyone who says that GMA at $2.40 was undervalued was an idiot because the trend was down; and

3. Anyone who says that GMA will not stay down at $2.40 for long was an idiot because the trend was down.
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Its called trend following, can be very profitable, personally i have no interest in it.
 
So_Cynical said:
Its called trend following, can be very profitable, personally i have no interest in it.
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I know what it's called.

My point is that in this particular case those who subscribed to it considered those who didn't to be idiots in circumstances where the "trend" was just about to turn and those who were predicting GMA to go lower were wrong and would have got squeezed if they had then gone short.
 
Rainman said:
I know what it's called.

My point is that in this particular case those who subscribed to it considered those who didn't to be idiots in circumstances where the "trend" was just about to turn and those who were predicting GMA to go lower were wrong and would have got squeezed if they had then gone short.
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Yep, could have gotten squeezed, could have taken some quick profits too. Next trade! I know tech/a can seem like he's attacking the fundamental story but in reality most tech traders simply aren't interested.

I too consider those that take the other side of my trade idiots :)
and if i lose money clearly they're lucky idiots
 
I am still here and watching with interest....

On the 22/09/15 I said I would not buy at this point in time because the stock was still trending down and could not tell how further it was likely to fall at that point the stock was at $2.41.As we now know it continued down till 30/09/2015 at $2.21 or 8%.

This is where the stock turned up and broke through the down trend line and as you mentioned before that this was an undervalued stock it now becomes interesting to me because it is moving in the right direction based on the valuations and the technicals are also supporting this.

So since I trade on technicals there were some trades that could have been taken to support this move up based on timing the entries.

It now seems to have found resistance at this $2.88 level and would become interesting if it can break $2.90 and continue its upward move time will tell.

In the end it does not matter which method you use as long as you are profitable...


GMA trades taken.jpg
 
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