Member Info for Blackfoot

The trend over recent months has been a wonderful friend for me.

I sold my 12k a couple of weeks back at 870. I did anticipate a reversal, but never thought we would go this low again. I recently bought back in at 656 (FOMO). Silly me! I wish I'd adhered to the old adage, "sell in May and go away. I meant to, but greedily could not resist "one more turn of the wheel". Now I unintentionally join Percy and the wait-and-pray long-term holders.

Hi again Percy,

You miss the point. Stock markets are simply markets; the clue is in the name. They don't value; they just reflect what someone will pay for an item at a particular time.

If today I want to sell my Merc, which cost me around 65k a few years ago, it would be no use to me offering it at 50k, saying it "must" be worth that much.

The market would simply laugh politely and say, "Call it 20k, and you've got a deal". It would be up to me whether to sell or hang on and hope.

Not everyone wants to hold an investment for the long term.

Short-term trend trading, even occasionally day trading, has handsomely kept me in big cars and small yachts for the last forty years.

Hi Broken,

WD40/Castrol/Grease. A good analogy.

Percy,

Day traders are not "irritants" as you put it. They are the necessary lubricant to keep markets alive and relevant. Collectively, they enable a clear, immediate valuation for investors who may need to get out for a variety of reasons or those have spare funds and want to get in.

Moves which way?---that's the big bucks question. I have a feeling that a significant reversal is coming down the track.

We've all had a wonderful run over the last couple of weeks riding the uptrend and the trend has certainly been my best friend. I remain a long-term enthusiast for CWR but feel a downtrend is almost upon us. I'm currently sitting on cash waiting to buy back in when/if the downtrend does gather pace.

Quite apart from any news specific to CWR, we still have the Trump/Iran factor. If he or the ayatollah gets desperate and goes nuclear in the coming weeks, we could see the best stock market buying opportunities for years!

Perhaps I'm being too realistic/ pessimistic, and a rosy dawn is about to break, but I'm not betting on it at this stage and prefer to keep my powder dry ready for the next buying opportunity.

Take the money and run.

I'm also glad I bought this morning. I've just sold again and banked the profit. I suspect they'll be down again before the close.

The next move depends on what Mr Trump does tonight.

I remain a keen CWR enthusiast, but I suspect that big trouble is about to hit world markets.

There will be bargain prices before this Iran/Oil drama is over. Time for a bit of liquidity.

Different strokes for different folks Percy.

We are both CWR enthusiasts long term.

I hope your policy is working as well for you as mine is for me.

Bought back in late on Monday. I've just sold out once more. Now in cash, waiting patiently for the trend to reverse. This truly is a trader's share. I remain a CWR enthusiast long term and don't like being in cash for too long; I feel sure the overall trend is up, possibly very seriously in the coming months. Every time dear Donald posts on Twitter, the trend reverses, and then there is another profitable nibble at the cheese for the opportunistic mouse before the trap shuts again.

The current roller coaster ride in CWR shares is a delight for trend watchers who can be flexible. I retain great faith in CWR , but have profited significantly in recent weeks by trying to anticipate the trend reversals. Each time I can see around 3% to 5% be it up or down, I buy or sell my 20k shares, and wait for the trend to reverse. I try not to hold cash for too long because I feel sure the overall trend is upward, but I enjoy taking a nibble at the cheese each time the trap opens briefly, whether on the way up or down. Sentiment is strongly affected at present by what President Trump says each time he has a new mood swing.

1863,

I quite agree with your comment. I have a strong feeling that "the house", ie the UK economy, is about to fall down pretty dramatically. Time for tin hats and liquidity is almost upon us. I remain a CWR enthusiast, but I fear the SP may be depressed by fall out from events in the Middle East and a general market rush for the exit and into cash.

The phone app went down as well. All working again now. Very irritating but I just caught the tail end of the current up trend as it reversed and sold out.

Hopefully the downtrend will accelerate for a while to provide a beneficial reentry price. The trend remains my (best) friend. All subject to who throws the first nuke in the middle east.

The investing game is to avoid being left without a chair when the music stops.

Chilitree,

You are right, it is going to be, in fact, already is a VERY bumpy ride.

I am a close follower of trends rather than the actual day-to-day share price.

Selling as the trend turns up 4% or 5%before buying back in as the curve turns down again has done well for me with CWR over the last couple of years.

I like Warren Buffett's advice: "Buy when everyone else is selling and sell when everyone else is buying".

Advice that has worked well for me with CWR, especially in the current turbulence.

Long term, I remain a committed and enthusiastic holder of CWR and am never without my £50k's worth for longer than it takes for a (usually brief) uptrend to reverse.

Michael G

Hi Lucy, Iran/Gulf war prospects are rapidly worsening. The straits of Hormuz are closed. Japan market tumbled overnight. FTSE 100 and 250 are dropping like a stone.

What's to like?

However, it just could be the best buying opportunity this week. Alternatively could be the worst. I'm a glass-half-full man and am buying whilst acknowledging that I could be very, very wrong.

Hi again Simon,

Sold at 315.6 bought back at 307.4. Should have waited a bit longer, just have to wait now until our Donald tidies up the Middle East.

They say patience is a virtue!

Regards Michael G

Hi Simon,

Mine is the opposite strategy: buy when the downtrend looks like it is bottoming out, and then sell as the uptrend looks like it is flattening off. That suits me.

Timing, patience, and a bit of luck quantify the degree of bankable profit, but it has never (so far) led me to a realised loss.

Looks like the downtrend is starting to reverse at present (1050 on the 3rd). Looks like I bought a bit early this time, but I suspect that by this afternoon, when the Dow opens, we'll be back in the guinea seats and pondering whether to sell.

Whilst I don't understand your logic, I hope your plan works for you.

A lovely day for this trend follower. Sold 20k on the upward trend @ 1530. Bought them all back on the brief reverse trend at 1629. Looks like the trend has turned up again just after the close. If Donald T continues his winning streak, we should continue onward and upward again tomorrow!

I would not want to be out of this stock in the coming weeks, other than very briefly to catch a "reverse ferret" such as we had today.

!863 Thanks for your rather pompous comment.

You are welcome to enjoy your sedentary way of trading I hope it turns out well for you.

I am a long term enthusiastic holder of CWR but I enjoy trading the volatility. It's done me proud over the last three years and I enjoy the "game".

Others may find my comments useful or interesting; no call for you to be rude.

Sold 20k this morning at 308, just bought them all back at 299. As long as WW3 doesn't start over the weekend, I look forward to Monday's opening with confidence.

What are you offering?