Forum Archive Index - September 2002

["Craig Hoskin" <craig@infobahnz.co.nz>]

Title: RE: Re: [sharechat] STUDY STOCK

Hi Jarred

|
|<quote>
|
|'Gong of the week' post must go to the person who asked
|Phaedrus to look at
|MHI, then finding out he was away, turned into a jelly and was
|unable to
|attempt to make even the simplest decision themselves.  What
|would have happened if (god forbid!) Phaedrus had fallen under a bus?
|I guess the said person would never have been able to invest ever
|again.
|
|</quote>
|
|it is the ‘gong of the week’ here. What a pathetic person you
|are, something
|must have pissed you off majourly, to get you so riled up that
|you make such
|a fool of yourself!

Whilst Snoopies response may have been a little too passionate I believe the fundamental core of his message was sound, in that you posted:

<quote>
Phaedrus

I know you are a busy man, making money, but could you do a quick TA on MHI,
on a long, medium and short term basis.

If you don't have the time thats fine, just thought I would ask, as I am
looking for a long term play with this stock, and was wondering when a good
entry would be?

Comments from others are much appreciated also
</quote>

The worst thing we can as investors/traders do is rely upon the opinions of others to formulate our own trading "actions" ... and I purposelt dont use the word "decisions".

I your posting you asked for an analysis over all time period (short, medium and long) but offered little to show you had done any research.  This is, from purely the basis of your posting .. a dengerous place to get to.  The fact that you asked for an analysis over all time periods suggested that you dont have a particular trading plan (eg short, medim or long term trader/investor). It also suggested that you were to rely on an external parties interpretation of the stock and base your decision on that.  This is probably incorrect given your reply ... BUT ... your posting didn't show or even suggest that.

You mentioned you were looking at a "long term play".  Maybe you could have expounded why?  If long term, then why does a TA technique (which most will acknowledge falls more to timing ... and long term .. this is less significant) fall into your trading plan ...?

So yes ... you have a right to feel "abused", BUT ... you did everything to provoke it by providing no idication you had done anything to support your own trading decisions ... except choose a stock.