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just while we are at it, i thought of matching my wife's investment - another 16767 @ 17.85p bought in in account 4... sale sale sale....
Crazyyear, better use the BBC WEather Forecast for Scotland!
Thanks Deepblue. I tend to use FITW
Technical Analyses and Fundamental Analyses - both very useful but none could predict surprises - like the weather in Scotland.
Hi Guys
Sorry to ask but are TA/ FA
cornishpixie,
Guess what? I actually sold 3/4 of my lovely HE1 at 24,46p (yeah, that lovely top trade was mine) and now, I couldn't wait to buy back, so pressed the buy back "bat" button and mopped the lot at 16.79p!! Beat that!!
They told me it couldn't be done; they said it couldn't be done, but I did it!! Top TA trade!!
IF CARLSBERG DID SWING TRADES, THAT WOULD BE IT!
ST this is becoming quite silly now. You have mentioned in 2 of your posts to me that it wasn't personal and you were not having a pop but you kind of were. And its not me that asked for this challenge, was it? it was you. You have manufactured all of these posts.
When I post about TA I always make a point of saying its not a prediction but a greater likely hood of events happening. And I also stress that its just my opinion and everyone is free to do their own thing. That has not been enough for you. You believe you are right to the exclusion of other methods, fine. you win. (And I'm happy for you and grateful for the lesson you re-taught me)
GLA
PS - I always seem to forget the opinion tab.
Having derisked my initial investment at 13.4, and topsliced some profits at 23.8, my finger is hovering over the buy button. I think price may have bottomed for now or may drop a little further. We're dealing in opinions and probablilties, not certainties here. As time goes on I'm less interested generally in quick bucks and more in preservation of capital and longer term growth.
Drill results will obviously have massive effect in due course. You don't get rewards like this without risks, but Helium seems a good investment.
@noix: hear hear. Been good fun from the sidelines but let's move on.
Noix,
Thanks for your words. And don't worry, I have nothing else to say on the matter.
Have a good day all.
Mr ST and wyndrum
You are two of the better posters on this board and you both clearly sit on different sides of the fence vis a vis FA and TA. Each to their own.
With respect, let's not let this develop into a slanging match and please let's leave it there.
"Pathetic really, and to you of all people"! Wow, you getting personal now; but what do I care? You proved my point and that's why no TA disciple will come here and call all the shots ahead of events to prove the point, and that's why 80% of day traders lose money every day..muppets!
Buy and hold the stock if you trust what you fundamentals tell you. Day trading makes money for one one party and that is not yours!
ST I will be supa frank here and admit to being caught up in this stock reading both posts and links. No complaints, that's on me.
I also stupidly, really stupidly, got goaded by you and felt I had a point to prove on TA.
Because the SP had moved up so sharply and went into overbought territory I figured a retrace imminent, ok, so far so obvious.
The time frame I was using was the daily close chart, however due to your nagging away at me (again this is down to me), I went to the intra day chart to look for price supports because the chart I based my overbought analysis suggested it was 14.3p or 13.6p and I frankly found it difficult to believe it would fall that far back. (After all this time I can still **** up like this!) in other words allowing my views to overlay what the charts say.
So I mixed up different time frames to base my expectations on, and unsurprisingly, screwed up
So I called the top fine, I would be buying in around 14.3 and maybe 13.6 given its a slightly confused picture and to do that I would have split my money, say for example £10k into two £5k purchases, rather than 1, given that it could hit 14.3 and fall further to 13.6
The whole point of charting is its unemotional and I got sucked in. Pathetic really, and to you of all people! Goodness knows I am used to this on BB's but ultimately I use them really only to kill time but I think they are for me, counter productive.
Spacetomato - cracking stuff! I had a good chuckle at that one.
Have a good day and do what works for you ; )
Ok, Wyn, not having a pop at you, but at the TA argument and what Warren and Peter were saying that "Charts ares very good for predicting the past".
I had put a challenge to our in house TAs for only 3 trades to show us how good they call them and make a kill; ..well, I was indulged only ONE trade..and by the looks of it it was a flop on the first attempt!!
So, I am afraid, Warren is indeed richer because he didn't use TA but FA.... he buys a good thing and WAIT! He doesn't care over fluctuations...he likes the companies he buys because the fundamentals are good and he waits for it to reward him.
I use FA because it works for me! But who cares? it works for me so I will wait. If my share drops today, tomorrow, and the day after, I will simply buy more as I look at the end value of my stock, and not what the day traders are doing to it or what the MMs are doing to it as some retail investors cannot see the end growth potential of the stock or are just interested in earning a quick buck or like the majority 80% of day traders, lose money trying to get rich quick. But again, who cares? It works for me!
All the best.
ST
PS: Wait and see the TA guys coming in saying..oh, by the way, I sold yesterday and will buy later. Sure, they can say anything here..who cares?