tech/a said:The solution is simple.
Trade the price action.
nizar said:Exactly.
Why? Because its the price action which determines YOUR PROFITABILITY.
Not if the company is "cash cow" or otherwise.
Would you like to be holding a company which is "cash cow" or which is an explorer never likely to ever make a cent?
Answer is simple - Depends which company's share price is going up.
I suggest you people listen to this veteran. We are very fortunate he's sharing his wisdom with us. His results speak for themselves.
Novski said:Who would listen to a duck!!
I suggest you people listen to this veteran
constable said:Quick question to anyone ,when do parties have to divulge their interests in a stock ?
Is it only when a holding goes over 5% ? And if so how long do they have to provide it ?
Im tipping we should see some of these notices next week !
Ta c
nizar said:Exactly.
Why? Because its the price action which determines YOUR PROFITABILITY.
Not if the company is "cash cow" or otherwise.
Would you like to be holding a company which is "cash cow" or which is an explorer never likely to ever make a cent?
Answer is simple - Depends which company's share price is going up.
I suggest you people listen to this veteran. We are very fortunate he's sharing his wisdom with us. His results speak for themselves.
kennas said:30m oz silver?
And the plant is operating 24/7? These guys are going to be rolling in cash the next few years, without lifting a finger.
From the reports I read they were projecting about $70m profit a year.clowboy said:I'd be interested to see some maths for this stock. What exactly do people consider rolling in cash?
I took a quick look at there recent announcment and the way I read it, they are processing 65000 tonnes annualy and retrieving 2.2% zinc. (ie 1430 tonnes of zinc) Which is about $6mill in revenue. For a market cap of 150 mill that seems pretty low.
What am i missing?
Thanx
chris1983 said:..heavy research and holding will result in 100+ % profits a lot more often than what tech would have in his results.
chris1983 said:Tech's technique is great for grabbing 20/30% profit..but you have to be very much aware of whats happening every minute of the day with your finger on the trigger..
KIWIKARLOS said:i agree there certainly seems to be alot of talking this stock up, there wouldn't happen to be a few day traders holding alot of stock
I do think every knows this stock has good potential but can they really grow the company so quickly that gains keep coming hard and fast.
nizar said:It "will" ??
Have you any way of quantifying this ?
20-30% profits??
Hes made MUCH more than this.
Look at his results. KZL initial purchase, was it $1 ??
Seriously - look at his results before making these sort of calls.
chris1983 said:Like I said before. I hold BMN and I highly doubt Tech would of held through the dips. Even off the current dip from 1.79 to the low 1.40's he would of sold. Why? This will be a $5 stock IMO.
Heavy research and investing off fundamentals if the best method if you cant give all your time every minute of the day to the stock market.
nizar said:Well done about BMN.
Iv told you that several times.
But lets say it again to satisfy your significant ego.
Chris bro you are a champion, how did you do it?!!
Seriously, the stock of the year.
Not only did you pick it but you rode it all the way.
Now thats CLASS
Anyway, yeh, I used to be much like you in my approach 2 trading. Not anymore. I dont have long term holds anymore.
I have found personally that the amount of research done ie. heavy as opposed to light, has no correlation to profitability. Thats what iv experienced.
Like you said Chris, theres no one correct way to invest/trade, and numerous methods are profitable.
Just trying to broaden your horizons a bit. I wish someone had broadened mine when i first started. I lost a fair stack in May. Will never happen again though.
The questions which really got me thinking were:
Is there any point of doing fundamental research on a stock when ultimately it is the market which will deduce its value?
Does the market care if you "think" this is a good stock or not?
Does investing in "solid" companies have anything to do with your profitability?
Does a stock have a greater chance of going up because you think it will go up?
From my experience: the more you research a stock the more you want to be "right". And the more emotional you get.
The way you are saying that in your opinion BMN is a $5 stock, reminds me of the way i used to think OMC is a $2 stock. Thats why when my dad told me to sell, dump the stock, take the money and run when it hit 90c, i was like, no way, this is going to $2. It reversed until the mid-40s, and yes, i held all the way
But thats okay, just learn and move on, always other opportunities. And since then there have been plenty.
nizar said:Well done about BMN.
Iv told you that several times.
But lets say it again to satisfy your significant ego.
Chris bro you are a champion, how did you do it?!!
Seriously, the stock of the year.
Not only did you pick it but you rode it all the way.
Now thats CLASS
Anyway, yeh, I used to be much like you in my approach 2 trading. Not anymore. I dont have long term holds anymore.
I have found personally that the amount of research done ie. heavy as opposed to light, has no correlation to profitability. Thats what iv experienced.
Like you said Chris, theres no one correct way to invest/trade, and numerous methods are profitable.
Just trying to broaden your horizons a bit. I wish someone had broadened mine when i first started. I lost a fair stack in May. Will never happen again though.
Tech's technique is great for grabbing 20/30% profit
I highly doubt each trade is profitable..
juddy said:Whilst I can certainly see the merits of these posts discussing trading time-frames, methods etc, I don't believe they belong on this thread. Cheers
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