Morning to you all..
What a rough 48 hours it's been.
Market have finally shown some volatility and given traders the opportunity to profit from them.
As I've said to many of you I haven't traded for over 2 months until yesterday.
Word came out that a hedge fund got margin call after the close Monday NYSE time.
Obviously they got liquidated and the market ran down hard, which was the time to buy.
It's difficult to relay news out to you all when the market does trade like this.
There was some great bargains yesterday in a number of markets, those with there powder dry will do well.
While many are focusing on the blue chip stock I'm more looking at the plays that I hold and how to accumulate a lot more, cheaply.
With WANCHAIN the company has missed the opportunity to list under favourable astrological aspects and will be a flop listing which I'm looking forward to.
Doesn't mean it will fail just mean if you want to buy them cheap, give it a couple of hours and feel the market before buying the coins on the exchanges.
But you will have to trade in and out of it instead of buying and holding.
More on that later .
While there is some good stories of companies doing things it's important to note that execution is everything, not we want to and we are going to..
It's for this reason a lot of the companies that I have done astrology for aren't up to scratch to recommend for you to look at them.
I am noticing a lot of executives with great records building up to the top jobs.
Now that they have these top jobs the killer instinct which they had has just disappeared and look for scapegoats in case things go wrong..
One great company which was mentioned again the other day was
Magnis Resources Limited.MNS.ax
Looked at it for a client when the stock was in the 85-90cents area, great people running the show with great potential yet execution lacking.
FArm Pride is another stock which if I start I won't stop ranting about ..
So it important when making an investment to look at the broader picture.
If your just trading for a 5-10 cent gain that's a different game entirely.
For those trading the markets I wouldn't read to much into this dip, it a massive buying opportunity, there isn't any astrological aspects to bring down the market as such at the moment, but this will change in March on ...
Disclosure
I currently own shares in the following companies
BUB.ax
FRM.ax
ABR.ax
I was an active buyer of BUB.ax and ABR.ax 5th and 6th February.
Under new Singapore financial regulations this needs to be disclosed.
What a rough 48 hours it's been.
Market have finally shown some volatility and given traders the opportunity to profit from them.
As I've said to many of you I haven't traded for over 2 months until yesterday.
Word came out that a hedge fund got margin call after the close Monday NYSE time.
Obviously they got liquidated and the market ran down hard, which was the time to buy.
It's difficult to relay news out to you all when the market does trade like this.
There was some great bargains yesterday in a number of markets, those with there powder dry will do well.
While many are focusing on the blue chip stock I'm more looking at the plays that I hold and how to accumulate a lot more, cheaply.
With WANCHAIN the company has missed the opportunity to list under favourable astrological aspects and will be a flop listing which I'm looking forward to.
Doesn't mean it will fail just mean if you want to buy them cheap, give it a couple of hours and feel the market before buying the coins on the exchanges.
But you will have to trade in and out of it instead of buying and holding.
More on that later .
While there is some good stories of companies doing things it's important to note that execution is everything, not we want to and we are going to..
It's for this reason a lot of the companies that I have done astrology for aren't up to scratch to recommend for you to look at them.
I am noticing a lot of executives with great records building up to the top jobs.
Now that they have these top jobs the killer instinct which they had has just disappeared and look for scapegoats in case things go wrong..
One great company which was mentioned again the other day was
Magnis Resources Limited.MNS.ax
Looked at it for a client when the stock was in the 85-90cents area, great people running the show with great potential yet execution lacking.
FArm Pride is another stock which if I start I won't stop ranting about ..
So it important when making an investment to look at the broader picture.
If your just trading for a 5-10 cent gain that's a different game entirely.
For those trading the markets I wouldn't read to much into this dip, it a massive buying opportunity, there isn't any astrological aspects to bring down the market as such at the moment, but this will change in March on ...
Disclosure
I currently own shares in the following companies
BUB.ax
FRM.ax
ABR.ax
I was an active buyer of BUB.ax and ABR.ax 5th and 6th February.
Under new Singapore financial regulations this needs to be disclosed.
