Hi readers
So November is finished and we are at the home straight and should trade up ? Really !!!!!
While that has tended to be the norm I'm not so sure that this will be the case.
For some sectors, surprise and disappointment is expected, which will then equate to disappointing half yearly results in the months ahead.
So just don't expect the XMAS run to just happen it won't.
For those who have held off on BHP, you can now see why we said back when it was at $23 and 20 that there is more to come.
There is still more ahead for the troubled company.
I'm starting to look at the companies astrology going forward as its beginning to interest me at these prices.
Before looking at the stock I think a $12 level would be something I would take a longer term view but first let me do the astrology and I will post out .
For the time being not keen at $18 .
Stocks
A number of you have sent me stock to look at and get an opinion.
While the Stockmarket will always gift the prepared mind some of these stocks are crap.
I say this because you need to understand what your buying , why your buying and what's the plan going forward.
Some of the companies which have shown great moves up are pump and dumps.
This crap was happening in the U.S. some 5-6 years ago and have disappeared.
Some of the small media firms who have turned up in Australia are looking to exploit Australian investors.
Sure some might have merit in the long term but this type of pie in the sky investing isn't for me.
I like to see companies making products, selling products or services.
Hope and one day dreams are church songs in my language.
It's harsh because it's the truth.
On Capilano Honey, there was a reason why we closed our positions when we did.
Yesterday's move was an eye opener for many who don't really understand how to trade small cap stocks.
Yes the company is being held in good hand and it can trade higher but once the liquidity starts to dry up you will get these violotile moves which will put the fear of God in small traders.
So you need to plan trades when your take a view, whether it's short term or long term .
If your trading charts like so many do then your just trading momentum which can change very quickly with a market order attack.
As was the case yesterday in the stock.
For those wanting the financial astrology for the Dec month will post them out in next post and I will also put the Jan as I will be looking to take a break.
To the Australian readers just let you know that I'm allowed back into the country so will be traveling back to Melbourne to see friends and family.
So November is finished and we are at the home straight and should trade up ? Really !!!!!
While that has tended to be the norm I'm not so sure that this will be the case.
For some sectors, surprise and disappointment is expected, which will then equate to disappointing half yearly results in the months ahead.
So just don't expect the XMAS run to just happen it won't.
For those who have held off on BHP, you can now see why we said back when it was at $23 and 20 that there is more to come.
There is still more ahead for the troubled company.
I'm starting to look at the companies astrology going forward as its beginning to interest me at these prices.
Before looking at the stock I think a $12 level would be something I would take a longer term view but first let me do the astrology and I will post out .
For the time being not keen at $18 .
Stocks
A number of you have sent me stock to look at and get an opinion.
While the Stockmarket will always gift the prepared mind some of these stocks are crap.
I say this because you need to understand what your buying , why your buying and what's the plan going forward.
Some of the companies which have shown great moves up are pump and dumps.
This crap was happening in the U.S. some 5-6 years ago and have disappeared.
Some of the small media firms who have turned up in Australia are looking to exploit Australian investors.
Sure some might have merit in the long term but this type of pie in the sky investing isn't for me.
I like to see companies making products, selling products or services.
Hope and one day dreams are church songs in my language.
It's harsh because it's the truth.
On Capilano Honey, there was a reason why we closed our positions when we did.
Yesterday's move was an eye opener for many who don't really understand how to trade small cap stocks.
Yes the company is being held in good hand and it can trade higher but once the liquidity starts to dry up you will get these violotile moves which will put the fear of God in small traders.
So you need to plan trades when your take a view, whether it's short term or long term .
If your trading charts like so many do then your just trading momentum which can change very quickly with a market order attack.
As was the case yesterday in the stock.
For those wanting the financial astrology for the Dec month will post them out in next post and I will also put the Jan as I will be looking to take a break.
To the Australian readers just let you know that I'm allowed back into the country so will be traveling back to Melbourne to see friends and family.
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