Selling the Bump on ASX

[UMike]

As the resident bottom picker there is a time you have to pick the "Bump" to realise your gains.

Not so much looking for the top..... That is something at times unattainable.


I mean whose to say this is the top but if you don't take a profit now then how can you confidently but again on the dip.
Not to say it is the peak. A chartist may see potential here. With this one looking to get in again @ $26. Play it as it comes.

Think IAG Bumped as well

Looking for a QBE bump very soon also.

 

[divs4ever]

As the resident bottom picker there is a time you have to pick the "Bump" to realise your gains.

Not so much looking for the top..... That is something at times unattainable.

View attachment 148765
I mean whose to say this is the top but if you don't take a profit now then how can you confidently but again on the dip.
Not to say it is the peak. A chartist may see potential here. With this one looking to get in again @ $26. Play it as it comes.

Think IAG Bumped as well

Looking for a QBE bump very soon also.

i was ( am ) looking for QBE to go into another sizable dip soon ( but will be happy to offload some if i get near my target price )

and was wrestling whether to start buying something in the inverse index ETF range ( possibly BBOZ or BEAR )

i don't normally watch IAG

 

[UMike]

Yea I was about 30c of selling some QBE yesterday. But everywhere I look "Gurus" of the market claim it is a screaming buy.
Time will tell.

 

[divs4ever]

i 'channel trade' QBE buy below a certain price and reduce above a certain price ( so eventually averaging down the average buying price , but letting the DRP to fuel the accumulation )

gave up trying to predict the trends on this one ,it normally catches me by surprise ( moves in an unanticipated way ) so just keep buy and sell target prices ready ( often have orders for each in the market at the same time )

 

[CityIndex]

I mean whose to say this is the top but if you don't take a profit now then how can you confidently but again on the dip.

All trading carries risk, but after Chair Powell's presser this morning, and with the current rejection coming right from the confluence of the key 200-day MA and major psych level of 7000, the market could easily have seen a swing high form.

 

[UMike]

Only 2.69% off selling QBE. So temped to raise my expectation of this share.

WPL might go if I can get over $40.
Strange Market.... Strange times.

Think I gotta get the froth while it bubbles up.

 

[divs4ever]

Only 2.69% off selling QBE. So temped to raise my expectation of this share.

WPL might go if I can get over $40.
Strange Market.... Strange times.

Think I gotta get the froth while it bubbles up.

strange times indeed , but very likely the lesson of a lifetime

i am looking for $13+ to sell down SOME QBE

good luck

 

[UMike]

The whole Year I was Just below selling this Peak. --- $12.88 I wanted.

Quite determined not to miss out this time.
It is not so much picking top and bottom but if T&B was hit then how good would it be?

 

[UMike]

Having said that.....
Just in case People think I am talking myself up I did trade.

Now I have no more ANZ after $20.

So Peaks may not necessarily stay peaks. (that's why I call them bumps)
They can be lost opportunities.

 

[divs4ever]

since i also participate in the DRP ( for QBE ) , i am in no hurry to reduce , but by buying low(ish ) and selling high(ish ) i whittle away on my av. share price while still accumulating
my record hitting Ts & Bs is not impressive but when i do i often end up with part-filled orders taking the advantage out of the trade

so prefer buying the slide and selling the rally for a 'good enough' price ( and of course it happily moves further after the trade completes , )

 

[UMike]

Got rid of IAG and ANN recently and while it seems like I hit the peak there is the chance they will climb before I rebuy the stock.
Esp IAG which hasn't dropped yet. But (esp since I think it is still a bear market) sometimes I have to take the chance and take some profit.
Otherwise I tend to hold a share for years at no impressive capital gain.

 

[divs4ever]

yes , waiting for capital gains would drive me nuts ( well worse , anyway )

where i would expect it ( say WBC ) seems riddled with disappointments while TNE is a 10-bagger for me ( JYC is closing in on the 10-bagger club as well )

SUN about break-even ( despite 'averaging down' ) while SPK is up more than 100% for me ( no extra effort required )

 

[UMike]

strange times indeed , but very likely the lesson of a lifetime

i am looking for $13+ to sell down SOME QBE

good luck

Just amended up the sell order for QBE by 30c.

 

[divs4ever]

Just amended up the sell order for QBE by 30c.

thanks ,
slept in and still trying to catch up

am in my 'reduce range' as well

will decide if i should adjust the existing sell order

cheers

 

[CityIndex]

The resources sector is currently leading the market higher on rising in commodity prices, and as a result, the ASX200 is currently testing another break above they major confluence of resistance around the 200-day MA and psychological level of 7000.

All trading carries risk, but it will be interesting to see if the index can close higher today despite the choppy lead we got from Wall Street overnight.

 

[CityIndex]

The resources sector is currently leading the market higher on rising in commodity prices, and as a result, the ASX200 is currently testing another break above they major confluence of resistance around the 200-day MA and psychological level of 7000.

All trading carries risk, but it will be interesting to see if the index can close higher today despite the choppy lead we got from Wall Street overnight.

It could be an interesting Thursday for the ASX as the index closed above the key 200-day MA today, but ultimately failed to overcome selling pressure above 7000.

Of course, price action and sentiment on Wall Street overnight will also likely determine which direction the local market follows tomorrow

 

[UMike]

Done QBE 1/3 lighter. (sold all my SUPER holding as well). Sold all my FMG.

Swapped it with some STO.

 

[UMike]

While not many stocks are at my planned sell price I am thinking the market is looking a bit toppy.

Just as QBE did an unexpected turn before I could get totally out.

 

[Rabbithop]

Only 2.69% off selling QBE. So temped to raise my expectation of this share.

WPL might go if I can get over $40.
Strange Market.... Strange times.

Think I gotta get the froth while it bubbles up.

Fingers cross for (WPL) WDS to hit $40...I will hitch that ride too.

 

[UMike]

I have a bottom of the draw parcels @ $38.5
Anything over $40 will just about do me.

Had a long standing $42.5 target. But getting impatient.