Irrational exuberance

[Sean K]

Market steady but many speccies going up 10-20% on open.

Don parachutes fellow punters.

Do NOT be caught without a chair.

Good luck!

 

[nizar]

Market steady but many speccies going up 10-20% on open.

Don parachutes fellow punters.

Do NOT be caught without a chair.

Good luck!

kennas,

possibly 2day or 2mrw our markets will.
if we are going to have a correction anytime soon it would be this week after the US elections. Maybe a 3-digit blow-off move 2nite on the DOW and we follow 2mrw... but then??

if the market is still holding up well by thurs and friday then i reckon smooth sailing and it will blend nicely with the santa claus rally

tread carefully... i still remember how fast CBH and KZL fell in May... it scares me sometimes...

 

[Rafa]

i am flabberghasted with the performace of U stocks in the last two weeks.
This is completely out the blue...

I heard Ziggy is going to receommend favourably on a U reactor for Oz, or atleast talk about enrinchment and sale as a must for the U industry in Oz, but surely thats not what this is about...

I would have thought that labor scrapping the three mines policy has pretty much been a given for the last 6 months.



In any case, which of there stocks are at a stage of a postitive feasibility study stage or more...???

And why has MTN only gone up 20% or so, but the other gone up 50 - 100%...???

And why did I sell DYL for high 20's!!!

So many questions...

I hold MTN, USA, EVE and BMN
Would like to own one more...

 

[Sean K]

Zinc and uranium have just gone silly. Make hay while the sun shines, but be very cautious about getting in after the horse has bolted. Just when that is , is very dificult to tell. So hard to stay out of the market atm, but I still have memories of May/June. Ouch.

 

[sleeper88]

hey kennas, you holding any zinc stocks atm or have you bailed out?

 

[Rafa]

Yeah, if you ever want some sobering up, think of May/June!

most of the stocks above, except USA, I got in pretty early, so hopefully shouldn't be seeing any red.

I sold ZFX, (its since gone up another dollar and a bit)... but still holding CBH.

If only every month was like the last one...

 

[Sean K]

hey kennas, you holding any zinc stocks atm or have you bailed out?

Just CBH. Again. Had to get in again. Originally bought at $0.39, sold at $0.48. Back in average $0.75

 

[Sean K]

ASX is going to be busy today handing out speeding tickets.

 

[The Mint Man]

ASX is going to be busy today handing out speeding tickets.

whys that?

by the way whats your take on gold ATM? almost $629

 

[Rafa]

CBH is flying alright...
holding since 42 cents...
a nice tidy profit on this one.

 

[Sean K]

whys that?

by the way whats your take on gold ATM? almost $629

I have 4 or 5 things just on my watch list up over 10%. A couple 20%. On no news.

If gold retests $620 and bounces, I will be more confident in thinking that it's in an uptrend. Or, if it just keeps going up and breaks $640.

 

[Sean K]

EXT announces that they have an EPL granted next to their current one and the stock goes up 30%. They don't even know if there is anything in it. They have no JORC on their current one. They have not proven they can or will be able to mine anything........

Jump on the rocket ships when you can people, but this is just insane!

 

[CanOz]

ASX is going to be busy today handing out speeding tickets.

I see 12 stocks in the resources sector alone that are up 20% without any announcements.

 

[moses]

Whew, I thought I had missed something there. I read the report and went...hmmm, thrillsville, only to watch EXT's little cup of joy overflow!

Nice to see DYL up there too even if I did sell out at 29c. lets hope all uranium is about to be rerated 30-50%.

 

[Rafa]

DYL is still driving me nuts...

Why did I sell it???!!!

 

[x2rider]

Well what a day .
After a crap day at work, I come home to see my biggest ever one day gain ever. I am way stoked but still made sure to crank up the stop loss
I could think of nothing worse than to come home tomorrow and it is all gone again
How do you get away from the Ego trade? Are you better after a big day to just not buy for a few days or should you because there are opportunities still there?

Do you take money out of your trading acc. after a big day and place it
"safely" elsewhere or do you start to trade the bigger parcels ?

Just fishing for advice
Cheers Martin

 

[CanOz]

Well what a day .
After a crap day at work, I come home to see my biggest ever one day gain ever. I am way stoked but still made sure to crank up the stop loss
I could think of nothing worse than to come home tomorrow and it is all gone again
How do you get away from the Ego trade? Are you better after a big day to just not buy for a few days or should you because there are opportunities still there?

Do you take money out of your trading acc. after a big day and place it
"safely" elsewhere or do you start to trade the bigger parcels ?

Just fishing for advice
Cheers Martin

Just stick to the plan. If your worried about losing the profits, then like you said, raise up the stops.

An up day on the market shouldn't bother a trader that has his/her emotions in check (not that i'm one) anymore than a bad day provided all the stock are still trading according to the plan right?

All my stocks except for INL went up today, but not enough to get speeding tickets.

I'll be reviewing all of my stops soon though.

 

[constable]

sounds to me like you should take a day off , enjoy the fruits of your labour and locking the joy in for 24hrs until you stuff it up!
No seriously, if im feeling a little mesemerised by my own ability i make a habit of waiting half an hour b4 i place my trade and more often than not i find that if im day trading that particular trade would have cost me or a better position comes up.

 

[dhukka]

Just to repeat advice you've probably heard a thousand times before Martin, don't get too emotional. Noone would blame you for feeling confident after making some good gains but keep a level head. I think you've shown that anyway by cranking up the stop losses.

Just to address the opening post, Resource speccies aside I think the market is treading water until the RBA announce on Wed. Despite it being all but a forgone conclusion that they'll lift rates I think a lot of investors like to have that kind of stuff in the rear-vision mirror before diving in.

 

[michael_selway]

Market steady but many speccies going up 10-20% on open.

Don parachutes fellow punters.

Do NOT be caught without a chair.

Good luck!

Hey "Irrational exuberance" thats whay i said not too long ago!



thx

MS