MikeDirnt wrote:thanks for visiting my blog.
the problem is with TA, it is not easy to identify the bottom. you always get into false signal. maybe my TA skills are not that good. but my good TA indicators, are the 200d sma and macd histogram. buy stocks below this 200d sma should be good enough coupled with fundamenally good stocks. so i got nothing to worry if my timing is lousy, as long the fundamentals are good, i will still hold.
i entered cosco at a very good price, and got no regret of not selling it at $8. its ok, its just a matter of time before it can rebound again. very solid and fundametally stable company
yes Genting is a must have speculative stock to keep. with the casino coming, im just waiting for its price to skyrocket. got a few more years to hold.
as of writing, dow rebound +176 from very negative openings. IMO this is the best time to accumulate in stages. i have already averaged down 2 of my stocks
I guess this is were most people fall down, the idea, of T/A is not to use it as a tool, to predict peaks and bottoms....the inborn psychological factor, (EGO) is the killer here.always get into false signal
I don't see it helping much in the near future, with bearstearns going belly up, i am expecting to see quite a few more yet! It wouldn't surprise me if Berkshire Hathaway is caught up in it to.MikeDirnt wrote:so after the crazy move by fed, dow was up by more than 400 points then if not sustainable, it will drop by 500 points
here i dont need to wait, i can easily find undervalued stocks. but the main problem is not enough capital.Winxkid wrote:I'll wait until value stocks are much under-value first
Well as a rule of thumb on the Taiex for myself, it is quite often that shares plummet 50 to 80%, in a panic, and it's only being held up by the election, at the moment, although some industries are holding very well indeed, especially the main LCD TV manufacturing shares. short term, they are very volatile, and rewarding, because they do meet strong resistance at there peaks, and often fall 15% to 21%, before rebounding to the peak again, if it was a bull, it would just push up further, but the conditions are against, hence the expected fall in the future.MikeDirnt wrote:here i dont need to wait, i can easily find undervalued stocks. but the main problem is not enough capital.Winxkid wrote:I'll wait until value stocks are much under-value first
i have been slowly averaging down on some stocks.
Friday foreign investors pumped 25 billion, into the Taiex, if KMT win on the 22nd, we will see, this market surge...nitesoutsg wrote:i believe the market will still go down more,
it is just waiting for new bad new to come out
but it is a good time to get some bargain stock and do some short term profit
SGX seem to fit this
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