SDV - SciDev Limited

[nizar]

if the fundamentals of a stock are solid then hold it for a few years until it matures

locking in small profits and racking up brokerage merely makes e-trade wealthy and u regretting many missed opportunities to make Kongbucks

its happened to me three times in the last few months - locking in pissy profits and missing out on 10's of thousands of dollars

INL is a producer now - put these in the bottom drawer - forget about them for a year - multi-bagger for sure

Ahhh... The two key words here are: "bottom drawer" and "for sure".
Good luck buddy.

Have a look at the chart i posted on Psychology of Investing post #19.

 

[moses]

if the fundamentals of a stock are solid then hold it for a few years until it matures

Definition of "mature"?

When a stock's value grows 10% a year?

Or 10% a month?

Or 10% a week?

At what point is INL best to sell; when it reaches a dollar, or $10, or when your money could be put to better use elsewhere?

 

[Accaeric]

Definition of "mature"?

When a stock's value grows 10% a year?

Or 10% a month?

Or 10% a week?

At what point is INL best to sell; when it reaches a dollar, or $10, or when your money could be put to better use elsewhere?

a lot of questions

IMO, financial markets are inherently uncertain and unpredictable. that's the reason why majority of traders have lost money.

the main point of forecasting a stock's growth rate by investment banks or institutions, is attempting to convince investors to react accordingly.

there is no absolutely right thing. TLS as a blue chip, but sp suffered recently. PDN, sp jumped from 1cent to 745cents in three years.

The important thing is to have an investment plan and some strategies.

I don't think INL run hard yesterday. it performed very well and would see another increment next monday. In most cases, sp surges and subsequently closes at a flat level with gain, that means driven force is limited and massive profit-taking incurrs. as for INL, closed at 28.5 which is near to a record high of 29. I reckon monday likely see another nice gain, but there will be a significant difference between intraday high and close prices.

 

[moses]

a lot of questions
<snip>

I don't think INL run hard yesterday. it performed very well and would see another increment next monday. In most cases, sp surges and subsequently closes at a flat level with gain, that means driven force is limited and massive profit-taking incurrs. as for INL, closed at 28.5 which is near to a record high of 29. I reckon monday likely see another nice gain, but there will be a significant difference between intraday high and close prices.

My questions were rhetorical. I'm looking for some nice gains from INL too, as it is the bulk of my portfolio atm; in fact INL has earned me an average profit of 53% in the 3 weeks or so since I began to buy (16 - 20c).

However, if INL growth drops below 10% a month then I'm not likely to hang onto it. Even 10% a week will bring it onto my "consider selling" radar.

Which is why I question holding onto INL (or anything) for years. Has there ever been a stock that earns above 10% a month for several years?

 

[Porper]

10% a week will bring it onto my "consider selling" radar.

10% per week compounded for the year is ...............a lot.Don't have my calculator handy.You obviously trade for a living and are very good if you think 10% a week is not enough.

If I could gain 10% per month on average I would be ecstatic.

 

[Sean K]

My questions were rhetorical. I'm looking for some nice gains from INL too, as it is the bulk of my portfolio atm; in fact INL has earned me an average profit of 53% in the 3 weeks or so since I began to buy (16 - 20c).

However, if INL growth drops below 10% a month then I'm not likely to hang onto it. Even 10% a week will bring it onto my "consider selling" radar.

Which is why I question holding onto INL (or anything) for years. Has there ever been a stock that earns above 10% a month for several years?

NOTHING gains 10% a month consistantly Moses. You better sell now if that's what you're after, and stick to 10% a year in a managed fund. (even that doesn't happen) Expect every stock to go up, down, sideways, and go bust at times....but NEVER consistantly up. If you find one that has done that month on month and will in the future please let me know. Even in the bull market we have had over the past 3 years you will not find one I reckon. Good luck!

 

[KIWIKARLOS]

Paladin Resources

PDN

but i agree with you thats the only one i know of

 

[nizar]

NOTHING gains 10% a month consistantly Moses. You better sell now if that's what you're after, and stick to 10% a year in a managed fund. (even that doesn't happen) Expect every stock to go up, down, sideways, and go bust at times....but NEVER consistantly up. If you find one that has done that month on month and will in the future please let me know. Even in the bull market we have had over the past 3 years you will not find one I reckon. Good luck!

Agree with kennas.
(did you sell any of your INLs?)

PDN while every1 mentions it, did NOT go up in a straight line.
In fact a few years ago, many got burnt when it went from 14c to 10c.
Then last year from $2.50 to $1.55.
Then this year from $5.50 to $3.50.

 

[Sean K]

Agree with kennas.
(did you sell any of your INLs?)

No. Thought about taking some profits (maybe half) but held them all. I have a good feeling about this one at the moment. Friday was really the first BIG day it has had for a long long time. I'm hoping there's a few more of those to come. I think I might just hold this one and top up on weakness, but I never say never to taking a profit. My normal rule is to sell half if something doubles. My average price for this is $0.185, I think, so will sell half at $0.37. If it gets there. But will also be topping up on weakness, unless things dramatically change for the company. It might be worth more than that.

 

[KIWIKARLOS]

do you guys ever hold stocks for longer than 12 months to avoid paying heaps of tax. I started of looking at this one as a short term (1-6 week) stock but im almost thinking of letting it sit for 12-18 months, i would keep an eye on it though

 

[Sean K]

do you guys ever hold stocks for longer than 12 months to avoid paying heaps of tax. I started of looking at this one as a short term (1-6 week) stock but im almost thinking of letting it sit for 12-18 months, i would keep an eye on it though

Only 20% of my portfolio is 'trading' at the moment, 50% ish Managed Funds, 30% ish blue chips. These are 'investments' which I hold 'long term' unless things change considerably. I've thinnned these out quite a bit recently due to my fear of a crash.

 

[juddy]

I have held INL since early April, the plan is to leave it for 12 months (5 to go) to get CGT discount, but it will also depend on what the major markets do in that time.

cheers

 

[chris1983]

do you guys ever hold stocks for longer than 12 months to avoid paying heaps of tax. I started of looking at this one as a short term (1-6 week) stock but im almost thinking of letting it sit for 12-18 months, i would keep an eye on it though

Yep. I always try to hold for atleast a year. AOE/INL/BMN/SMO Im now waiting untill they hit the year mark in my pf...then to assess whether to sell or hold. If I buy a stock I believe in..such as GDN..or ERN and they go down. I take a tax loss. Then get back into them at the same time. ATM I have $3500 tax loss to work with thanks to GDN's drop. They are back up now..so I'm in profit from what I paid for them..same with ERN..picked up 10,500 shares at 55..went down to 44 so I got out..and got back in at that price...every bit of loss helps for future gains. Going to have to hold them for a year now Unless their projects turns out to be useless..which I doubt. I was also taking lots of tax losses when the market got corrected 5 or so months back..thank goodness for that...it allowed me to take some profits on a few of my stocks. I'm still yet to pay any tax..but if I sell my entire PF i'll be saying hello to the tax man. All I can say..if you have losses..and believe your stocks sp will rebound..take the loss and get back in...then hold them for a year if you can.

I wont be selling INL now that they are producing. Their technology is great and when looking into the future..I think it looks very bright for them.

 

[KIWIKARLOS]

can you tell me more about BMN bannerman im looking at buying in but i dont know much about there major projects

 

[nizar]

I wont be selling INL now that they are producing. Their technology is great and when looking into the future..I think it looks very bright for them.

Just a suggestion.
Maybe you should base buy and sell decisions on the share price?
(Especially considering that it is the share price which determines your profitability)

 

[clowboy]

10% per week compounded for the year is ...............a lot.Don't have my calculator handy.You obviously trade for a living and are very good if you think 10% a week is not enough.

If I could gain 10% per month on average I would be ecstatic.

AMEN

 

[chris1983]

can you tell me more about BMN bannerman im looking at buying in but i dont know much about there major projects

I sent you a private message with links to reports from Hartleys/ Fat prophets and Carmichael. They have all the information you need to know about BMN's projects..and the decision you should make whether to buy..is in your hands all the best.

 

[KIWIKARLOS]

thanks mate ill check them out

 

[chris1983]

Just a suggestion.
Maybe you should base buy and sell decisions on the share price?
(Especially considering that it is the share price which determines your profitability)

What you mean? If I start to see movements upwards..buy the stock?..then if I start to see movements down..sell them? I like to get in before any movement occurs.

Theres one thing to note..you will never get a straight line up in SP...so if they retraced a bit..you may be selling a great stock thats ready for the next leg up in a week or 2. I think with enough research you should be able to get in before movement in SP occurs. I was on Intec at an AVG of 14 cents...havnt held them for too long. I try to buy stocks that are producing or coming onstream so they should really move up once their projects get going.

Thats the whole reason i bought into AGM/INL/SMO. They all have projects running..that looked excellent..AGM is coming on soon with their mine..INL was going to be producing..and SMO was being ignored even though they had an existing mine in chile.

Other stocks I'm looking to get into are PNA/BSM.

PNA has a huge project on the cards but it still has some time to go untill they are near production..BSM is good because they are tied with INL and can use their infrastucture to generate early cashflow.

 

[Accaeric]

zinc price gained 3.2% overnight, it is good news for inl.
Zinc 4531US$/t +141 3.2118%

Commodities prices would increase further in the wake of weakening of usd.
obviously, commodities prices are highly volatile, and we r supposed to understand resource stocks involved high risk.

I will consider points to sell:
sell half 34, and the rest 39.5 (based on simple volume spikes)