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Macdunk, I always let the stop loss kick in, although with
CPU a couple of weeks ago it was the wrong thing to do, [with hind sight]
however faced with the same circumstances I would do the same again. The lesson
I have learned, and its cost me $1000's to learn is use stop losses. It
hurts loseing money, it hurts twice as much when you have not taken out that
free insurance [stop loss] that either prevents the loss or minimises
it.
Allan
---- Original Message -----
Sent: Monday, November 03, 2003 4:14
PM
Subject: [sharechat] Questions to
pheadrus and snoopy by macdunk
Hi guys.
I sit on the fence, not a happy
position some might say, but I would like your view points on the
following If you have time.
When a company In an Increasing profit
situation suddenly for no obvious reason to most share price drops do
you let your stop loss come Into play or understand why and ride It
out. WRI Is an example we have a big Investor that
distorted the share price by buying In so consequently after a drop In
profit the share price went up. This works In reverse
AIA Is an example of late and It happens all the time In lots of other
situations that at first glance you think everyone has gone mad except
your self ,of coarse. It Is normal for a
big player to get out after a bit of good news what better time and visa
versa.
I find that when the small players sell to a big player the
price goes up but when the big player gets out the price drops.
I
think Snoopy with his Investment style this wouldn't change anything but
pheadrus If he Is anything like woody I will say would take a small loss
and move on. Before I buy Into a share the first thing that I look
up Is how many big players do they have?.
questions to
pheadrus
where did you learn to draw those neat charts self
taught?
Do you use any tools other than TA
how do you deal with
the above unforeseen unpredictable situations take the loss or ride
It out?
questions to snoopy
are you an accountant?I am
Impressed.
Do you use any tools other than FA
Do you use a stop
loss?
I know guys there are lots of people out there that will love
to hear your
comments
cheers macdunk
PS The reason I asked you guys Is you have both been
Influential In my systems even although I give you a hard
time.
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