TGA - Thorn Group

[tech/a]

I like to see TA approaches in these company threads. But I’m sick to death of being told by TA exponents how wrong and stupid we are.

Sorry but if I see poor portfolio management Im going to point it out.
NOTHING to do with T/A.

 

[craft]

Sorry but if I see poor portfolio management Im going to point it out.
NOTHING to do with T/A.

Poor in who’s opinion?

You have shown a complete ineptitude to understand other people’s strategies when they differ from your own which makes some of your post rather annoying.

It’s obvious that you think you are superior and feel the need to correct everybody else. You are not God, perhaps you should take a look again at your avatar – your just a duck head.

Bye all.

 

[Nutmeg]

Sorry but if I see poor portfolio management Im going to point it out.
NOTHING to do with T/A.

How about a poor grasp of your investment source material, do you point that out? You lack credibility in my view and make too many (incorrect) assumptions about people's investment positions.

 

[sinner]

Thanks CanOz and sinner.

Sinner – the proposition was all data since listing.

For the data range you selected the results were Buy and hold gain was 101.43% vs 32.03% for your system. Am I reading that correctly?

It only missed a little bit of data to generate the statistical averages. You can assume it would have bought those bars if it makes a difference.

Correct about the raw returns, but so what? I don't measure the pure gain without taking into account what I would have needed to risk to make that gain. Sharpe ratio is much better baseline tool than CAGR if you ask me.

So the systems to date on TGA are not matching the buy and hold return. What they are doing well is limiting the draw down.

The whole point of this exercise is that some people do not see risk as price volatility..........

We choose to invest based on the performance of the business not the performance of the price.

But without an appreciation of the huge macro factors at play, to not take price risk into account is a logical fallacy of 'investing', right?

Surely you saw the XSO vs TGA chart, and can't disagree with what it implies. The performance of a business as quantified by the numbers in announcements, analysis and reports is based on a huuuuuuuuuuge set of underlying macro assumptions.

The risk control is based on Business Analysis.

You say "risk control" but really you have hijacked the term here to mean something else, as if analysis of the business could account for all potential risks! Surely you don't believe that?

I personally feel there is a large overlap between business information and price movement but haven't fooled myself into thinking real price events can occur without information release.

Buying good business at the right price and holding those businesses through thick and thin price action until the business performance dictates that it should be sold produces the highest expectancy that I can generate.

Please back that up with some numbers. I don't necessarily agree, in fact a lot of evidence indicates its the "bad" businesses which perform the best.

If it is drawdown that is agitating people then I agree and people should not fool themselves about the difficulties. I personally cannot see any way to invest based on cash flow unless you are prepared to hold long enough to realise those cash flows

Isn't this just painting yourself into a corner? Why do you have to invest based on cash-flow? Why can't it form a useful portion of a larger opinion? I'd love to be able to analyse balance sheets like I see you guys doing.

For those who recognise the market price drawdown issues and are interested more in cash flow then mark to market capital values at any one time, value investing offers wonderful opportunities. The opportunities are probably so great because of the beliefs/arguments that are launched against the approach.

I like to see TA approaches in these company threads. But I’m sick to death of being told by TA exponents how wrong and stupid we are.

If value investing offers wonderful opportunities which are so great in magnitude, why has it under-performed off the 2008 lows where one would assume there is an almost infinite source of value?

I personally don't think you're wrong or stupid, just like many on this forum suffer from an under-appreciation for entropy and the cyclical nature of dispersion

 

[notting]

Just thought I'd voice my appreciation for all the efforts being made in this thread!
I'd also like to say that I for one am very happy to be corrected by an experienced trader/s on a regular basis, especially when someone spots a more profitable way that I could be doing something.
It's one reason why it's good to be involved here and what gives value to ASF, apart from trying to offer some of my own insight that seem magnifiicent me!:nunchux:
Thanks everyone.
Oh, and to the administrator, if someone called me a hippie, I'd take it as a complement!:southpark

 

[tech/a]

Poor in who’s opinion?

You have shown a complete ineptitude to understand other people’s strategies when they differ from your own which makes some of your post rather annoying.

It’s obvious that you think you are superior and feel the need to correct everybody else. You are not God, perhaps you should take a look again at your avatar – your just a duck head.

Bye all.

How about a poor grasp of your investment source material, do you point that out? You lack credibility in my view and make too many (incorrect) assumptions about people's investment positions.

Thanks guys
Its is my opinion.
Anyone who lets a position drop 50% without any management is in my view not managing their portfolio.
Its not compulsary to agree.

Your just a duck head.

A recient pik for my fans.

 

[CanOz]

Tech, you would have allot more fans if you presented your ideas and opinions in a non abrasive manner that would encourage research and factual arguments. Google 'Emotional Intelligence'.

Its an enlightening journey.

Cheers,


CanOz

 

[Klogg]

lol - awesome pics tech.

 

[tech/a]

Tech, you would have allot more fans if you presented your ideas and opinions in a non abrasive manner that would encourage research and factual arguments. Google 'Emotional Intelligence'.

Its an enlightening journey.

Cheers,


CanOz

Can thanks

But Im not here to make friends.
There are enogh ducks in my pond

 

[sinner]

Can thanks

But Im not here to make friends.
There are enogh ducks in my pond

lul, could this response to a request for more 'emotional intelligence' be any more unintelligent?

Get with it tech, this has nothing to do about making friends, this is about your inability to discuss contentious issues in a productive manner.

 

[tech/a]

lul, could this response to a request for more 'emotional intelligence' be any more unintelligent?

Get with it tech, this has nothing to do about making friends, this is about your inability to discuss contentious issues in a productive manner.

I dont know I thought I was doing OK?

If I can save one "investor" from losing his shirt with Value investing based upon his opinion and no saftey net---then Im a happy duck.

No big deal-----Ill bugger off then.

 

[Gringotts Bank]

tech, you know your contributions are worthwhile.

TGA must be the new PEN!

 

[notting]

Tech, you would have allot more fans if you presented your ideas and opinions in a non abrasive manner that would encourage research and factual arguments. Google 'Emotional Intelligence'.
Its an enlightening journey.

Perhaps you should take it!!

ROTFLMAO at Notting...forever the skeptic Notting? hahaha!

 

[Gringotts Bank]

Has anyone got the AB code for the 20% flipper? It sounds very straightforward - buy at +20% off a major low and sell at 20% trailing stop, but I'm sure there's more to it.

 

[CanOz]

Has anyone got the AB code for the 20% flipper? It sounds very straightforward - buy at +20% off a major low and sell at 20% trailing stop, but I'm sure there's more to it.

Nick has the code. Some have tried to code it from the book as well.

CanOz

 

[sinner]

Has anyone got the AB code for the 20% flipper? It sounds very straightforward - buy at +20% off a major low and sell at 20% trailing stop, but I'm sure there's more to it.

It's the same as using the 20% parameter in Kagi or ZigZag.

 

[Gringotts Bank]

Yeh I also tried to code from the book canoz, using ROC, but my curve looked nothing like Nick's!

I will try that thanks sinner. 20% zig-zag, maybe with some sort of filter to prevent forward looking.

 

[sinner]

Yeh I also tried to code from the book canoz, using ROC, but my curve looked nothing like Nick's!

I will try that thanks sinner. 20% zig-zag, maybe with some sort of filter to prevent forward looking.

There should be no look forward unless you are using the wrong code. It's exactly like you said, +20% off a low (or low close) and exit on -20% off a high (or high close).

 

[CanOz]

Perhaps you should take it!!

I've done it, sometimes i just choose to ignore what I've learned...your like a woman Notting, you never forget those things do you...:horse:

Lets leave this thread to TGA and if further discussion on the Flipper is desired then start a thread on coding the flipper...

Cheers,


CanOz

 

[McCoy Pauley]

Back to the stock at hand, I note that TGA is poised to make a positive start to the week, jumping a little more than 3% compared to a basically flat broader market.

I wonder if it's the start of investors/speculators/call them what you will positioning themselves ahead of the release of the annual report next week (I believe).

I'm starting to refresh myself on the past performance of TGA as we speak.