Forum Archive Index - November 2001

[ichi@ihug.co.nz]

G Stolwyk wrote:
> 
> I use fundamental (I hate that word) theory to pick my 
> heavily discounted or forgotten-mainly- good quality stocks
> and don't look at charts too often 

"heavily discounted, good quality"
Yup, there's gold in them thar hills.
(Do I hear someone whispering TEL and CAH?)

> I am a longer term investor, 

I'm with you there, mate.  Getting rich slowly is the
sensible way to go.  Chasing fast returns is high stress,
and high risk, whether it's share trading, poker or betting 
on the ponies.  Yeah, yeah, I know all you gamblers have 
got a system.  Good luck to ya.

Cheers,
Steven






I can't always move out of stocks when
> I want to. But, when I am entitled to do so, sure, I look at a chart
> or I don't when I have to use the capital raised to move in quickly
> into another highly desirable stock.
> 
> I studied successful traders and they seem to know a great deal about
> Fund. analysis. They need it to initially select a good stock to trade
> on.
> 
>  And then, they stay with the stock, catching the uptrend, sell, wait
> for the correction and then catch the next uptrend. These people are
> not two bob traders and won't select "rubbish" stocks.
> 
> Normally, they may follow a number of stocks. And they study the
> Announcements and results!
> 
> As to Brokers, I have been invited by some to look at their operations
> and sure, you will find them using charts alright! And so
> are institutions!
> 
> The flip side is that more than ever, investments are turned over at
> the blink of an eye, making trading more volatile.
> 
> That is because the larger institutions demand better returns within
> the shortest time: They need to stay ahead of the competition!
> 
> Unlike before, they don't stay with a company for long if the charts
> say that it it time to sell. People still underestimate the cumulative
> effect of this increased volatility.
> 
> We are now well past the point where TA needs to be an emotive issue;
> it is up to the investor concerned to adopt systems they are
> comfortable with.
> 
> The ultimate outcome of a strategy is to make a dollar and this can be
> done either graciously or with a lot of angst!
> 
> Gerry
> 

-- 
____________________________________________________
Linux for old PCs: http://homepages.ihug.co.nz/~ichi


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