Why do you buy shares in a company?

[Porper]

OK so now we have some cool technical features to work with, we've got a classic EW feature in the stock with a beautiful third wave retracement and bottoming feature.

Sir Os, would you mind posting your Elliot analysis on the stock, with initial trigger point, stop, profit target please, with reasons ? Thanks.

 

[Prospector]

Wait til Garpal sees your avatar - he aint gonna like it!

 

[Sean K]

For me, it's all about the price action in relation to what the broader markets are doing.

Sounds like a recipe for disaster..

Dunno...many investors thats have made a lot of money buying on strong company fundamentals.

You've asked why people buy shares and then started bagging someone's approach.

So, you obviously don't want to listen to what people have to say, but just espouse your own biased view of investing/trading.

Why start the thread?

 

[Sir Osisofliver]

Tech,

1) Did you see the time I was posting? I'd had a long day and was suffering from insomnia. I also wasn't sitting in the office with the paperwork in front of me, I was sitting in the guest bedroom trying to give my wife the opportunity to sleep when I couldn't.

2) You are in fact correct. That's what you get for trusting your memory at midnight after you've been awake since 6 am. Went I went back to check I purchased those shares for 95 cents, not 85 cents, on the 22nd of October. Poor me and my faulty memory. For some reason I'd thought I'd paid 85 cents. My mistake - I will ensure that in future when answering a casual question at midnight after a long day and giving my hurried and tired viewpoint to spend an extra 15 minutes in scanning all the contract notes and blacking out my personal details for your edification and satisfaction.... NOT /sarcasm

What I will do however is continue to do what I did in that example - use my faulty imperfect memory because I cannot be stuffed in going and getting the paperwork involved to give exact figures to a casual question on a bloody web forum when I'm not getting paid for it. If you don't like that and demand absolute perfection in every post Tech.... you'll continue to have problems with my posts and I will enjoy the thought of my slight errors causing your OCD to act up and twist your undies into a tight knot.

Yeh how'd you do that????
It never again traded at 85c
Close but never 85c
And don't tell me you got the EXACT bottom.

Nope I didn't get the exact bottom on my first entry, nor did I get the exact top on my first exit, $2.50 not the top of $2.90.

Nope I didn't get the exact bottom on my second entry I got 95 cents which wasn't the exact bottom, and when I exited I got 8.50 and I do believe the top is 8.59 so I didn't get the exact top.

And the EXACT top!
At least I have the trading statement for the above example you wouldnt have yours there would you?

The perceived grandeur of Financial Planner status seems to have taken its toll.

Any more criticism you'd like to make Tech or have you had enough fun?

Sir O

 

[Sir Osisofliver]

Sir Os, would you mind posting your Elliot analysis on the stock, with initial trigger point, stop, profit target please, with reasons ? Thanks.

No.

1) I'll do it in the Newbies thread so I don't have to do it twice.

2) My Market Analyst program has just been updated and I lost my historic data records and need to reload it - for some reason the program doesn't like that and I need IT to work on it.

Sir O

 

[tech/a]

I'm happy to pay you $500 for the production of those Statements.
Seeing you would like to be paid I'm happy to oblige,shouldnt take more than 30 mins so $1000/hr should suffice.

There is one stock in the ASX which has performed as PES.
Youve managed to trade it twice taking out big chunks---allegedly.
You have displayed that you have no idea about Elliott Wave analysis.
Simply I dont believe you.

Once Joe Blow has them in his possession I'll forward him on the cheque.
If your a generous kind you may have me address it (The cheque) to JOE Blow in support of his efforts in making this excellent site available.

So cough it up and help Joe out.

 

[nunthewiser]

well well well

now this IS rivetting

 

[beamstas]

I'm happy to pay you $500 for the production of those Statements.
Seeing you would like to be paid I'm happy to oblige,shouldnt take more than 30 mins so $1000/hr should suffice.

There is one stock in the ASX which has performed as PES.
Youve managed to trade it twice taking out big chunks---allegedly.
You have displayed that you have no idea about Elliott Wave analysis.
Simply I dont believe you.

Once Joe Blow has them in his possession I'll forward him on the cheque.
If your a generous kind you may have me address it (The cheque) to JOE Blow in support of his efforts in making this excellent site available.

So cough it up and help Joe out.

Hahahahhaa
This is going to be interesting

Brad

 

[nunthewiser]

Just a query tech/a .........

will you be making a formal public apology on this thread IF he can produce said evidence ?

 

[tech/a]

Absolutely.
More than happy to disclose that Sir O is bona fide.
In Fact if he did as he alleges he deserves all the praise he can get.
That would be the best trade I've EVER seen taken-----particularly twice.
I'll gladly pass over the 500 bills.

But right now its letters on a bulletin board.

 

[nunthewiser]

No worries and thanks ....... after all gotta keep things real .......

fair call re PROOF as its so darn easy to post how great we are here with the benefit of hindsight ...... personally prefer to see actual entrys/exits posted as they happen REGARDLESS of if they a winner or not as at least one can see the bare nuts and bolts instead of mere pipe dreams

as you were

 

[nunthewiser]

I'm happy to pay you $500 for the production of those Statements.
Seeing you would like to be paid I'm happy to oblige,shouldnt take more than 30 mins so $1000/hr should suffice.

There is one stock in the ASX which has performed as PES.
Youve managed to trade it twice taking out big chunks---allegedly.
You have displayed that you have no idea about Elliott Wave analysis.
Simply I dont believe you.

Once Joe Blow has them in his possession I'll forward him on the cheque.
If your a generous kind you may have me address it (The cheque) to JOE Blow in support of his efforts in making this excellent site available.

So cough it up and help Joe out.

sorry just thought i,d bump this request just in case it got missed by sirO while i was rambling away

hey.........could always make tech/a do a lil work and write 2 checks and split the cash with joe and yourself so your not out of pocket from any time wasted digging them up

merely a suggestion

 

[ceasar73]

You've asked why people buy shares and then started bagging someone's approach.

So, you obviously don't want to listen to what people have to say, but just espouse your own biased view of investing/trading.

Why start the thread?

Kennas you right...appologies to the TA guys if I gave thi impression...but thts not wht Im about.I belive both TA/FA can work equally well. I get pissed of when the FA guys bag the TA guys. I surrounded by old blokes that have had great success (so they claim) in investing.Most of them tell me, that in the long run its about EPS. With this thread, I was trying to confirm (from FA guys ) if it does all boil down to eps in the long run....however,bad titled thread..

 

[ceasar73]

Ceasar, have a read of this post by Bunyip a few years ago. Let us know if something falls into place for you.

very interesting , thanx Julia.

I will Have a proper readof this and get back to you with some comments.

 

[ceasar73]

Surely?
Surely?
Surely?

You do realise that when you buy a share in a company, someone else is selling at the same time

If everyone traded for the same reason you'd never be able to buy because they would all have the same idea as you

Brad

I agree Brad.
Im suggesting these are the only reasons people buys shares.

 

[ceasar73]

Caesar, you seem to want fundamentals to be what counts for you. Go for it. But making uninformed comments about what others are doing for a living makes me think that you just want your current beliefs confirmed.

There are lots of ways to take money from the market, and even more ways to lose. There is no right way or wrong way. There are just consistently profitable, inconsistently profitable, and unprofitable methods.

Your right I am trying to confirm some of my own beliefs.

Lotsof ways too makemoney...lots of ways to lose money?? Yep!
Ive almost mastered the way to losemoney!!

 

[Sir Osisofliver]

I'm happy to pay you $500 for the production of those Statements.
Seeing you would like to be paid I'm happy to oblige,shouldnt take more than 30 mins so $1000/hr should suffice.

There is one stock in the ASX which has performed as PES.
Youve managed to trade it twice taking out big chunks---allegedly.
You have displayed that you have no idea about Elliott Wave analysis.
Simply I dont believe you.

Once Joe Blow has them in his possession I'll forward him on the cheque.
If your a generous kind you may have me address it (The cheque) to JOE Blow in support of his efforts in making this excellent site available.

So cough it up and help Joe out.

WHAT THE?

Wow Tech did I touch a nerve? If you do actually have OCD I don't mean to make fun of your affliction. If you don't have OCD, why are you being such a tool? I really don't like associating with what I like to call toxic people Tech, it's not worth the time and aggravation to deal with it if you don't have to. You don't believe me? Fine I can't control what you believe, so here, enjoy a screendump or two.

Now since I'm now absolutely sure that working for a control freak like you is a barrel of laughs what I'd like you to do with that $500 is to give it to charity (this can be Joe if you want). Alternatively if that idea doesn't float your boat I'd like you to take that $500 and spend it on your staff, give them all a nice little present of a gift voucher or something.

You really find it hard to believe that someone could take two big chunks out of PES? Damn I wasn't the only one. I told a bunch of people to look into getting into QGC, SHG, AOE, MPO and PES on the 21st of March 08. (most of them held long term and ignored the dips because of fundamental reasons)

I also know of a bunch of people who bought the listed options on PES ages ago (because of fundamental factors) and had even better returns than me (and they held on for more than 12 months so halved their CGT).

Once again Tech, I think you'll find that you will have a problem with ALL my posts. I won't be talking about stocks in the present tense, only in past tense. If I talk about a stock in the present tense I have to use a disclaimer and I don't want to do that. It could get messy. I'd have to disclose my AFSL number. You could look me up as an authorised rep under that number, that would get you my name and it's a short walk to boiled bunny from there if you get my meaning.

Anyway Tech from now on I think we should just acknowledge that you don't like me and the feeling is mutual, so feel free to ignore everything I say, as I will for you.

Cheers

Sir O

 

[tech/a]

Sensational.
Incredible.
My un reserved apologies.
I choose Joe as the recipient of the $500.

 

[ROE]

Im not sure who im quoting here, so if anyone knows please tell me, i read alot I believe it was buffet

Price is what you pay
Value is what you get

Lets look at say RIO for example. Was trading this time last year at around $130. Now it is trading at around 1/3rd of that.

That is a 66% discount. Would you buy something for a 66% discount?

What if i told you RIO was only worth (valued) at $45 in the first place, and $130 was just the price. Is it a discount now?

Was it just overpriced to begin with?

How do you determine value?

Im not asking you to answer these questions to me but i'd like you to ponder them. I am not opening up pandoras box of tech analysis vs fundaments, but more-so trying to emphasize there is more to trading shares than balance sheets and cash flows

Thanks
Brad

Just because something used to trade at XX value now trading 60% or 80% below doesn't mean it represent value...but there are company that does represent value when it drop that far and so the trick is to sort out the good from the bad.

Determine a stock value is part science and part art so no one can correctly calculate them but if you can come close to it you can come out winning.

I calculate it by working out how much money I can extract from its life time, then discount it to present value.
then I add a margin of safety to it.

but before I get to that it has to satisfy several criteria.
stuff like certainly debt level, certain return on equity, cash flow, business is fairly easy to understand etc...

Have a read of the old classic
"Common Stock, Un-commmn Profit" by Philip Fisher.

 

[nunthewiser]

Sensational.
Incredible.
My un reserved apologies.
I choose Joe as the recipient of the $500.

Dear Joe , can you please confirm to the thread IF or when you recieve this $500 bucks from tech/a as there maybe some here that disbelieve that he will send it

thankyou in advance