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The bear market seems to bring out lots of people looking for the
magic button to press on the computer to tell them, when, how or where to
invest. Take it from someone who has been there, done that it does
not exist. Nothing beats common sense, its the only thing that will
beat the market. Its pointless looking at mathematical systems, and
charts as the only indicator of what or when to buy or sell, its only an
indicator to assist, and should be used as such. Chartists if
they are honest, are inclined to buy to late, an sell to late, but hold
there own stamping out the middle ground. We are in a down
turn in the market where a chartist if they were honest should have sold
up by now. That is why I tried to bait them to see what cards
they were holding. Needless to say all you get back is big
words, and told how great the system is, to which I say rubbish. I
use charts to see where a share has been, and if its still downtrending,
which is a usefull tool to use. What fascinates me is they dont
appear to use charts on market sectors where charts work best of
all. ( Example) The farming sector is in a great down trend,
and all the companies good and bad in that sector are destined for a trip
south. Predictions is what interests me and why you think that way
so I will start the ball rolling and give a couple out at the start
myself. SCL have been trading at the same price range for ages
have now started up in a new direction with great cash flow. I
think will be one to come good. They will be the largest hire
company in nz. Owens was dopey enough to sell hirepool the only
thing that made them look good to SCL( its still to be finalised) which is
a great cashflow business so along with HIREQUIP they look pretty safe to
me. The other company I predict will beat the market is KIP I
made 18pc on them pa and only sold out because after 3 years at that rate,
I thought I might do better elsewhere. To new investors I say,
you probably know more than the people trying to bullshit you, so take it
easy dont worry about small mistakes, the big ones come if you beleive the
people you think should know better. I must repeat if you want to
rubbish some ones views tell us all your predictions then we can
all rubbish back. CHEERS
MACDUNK
discl nil
wet days are great
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