Trading Houston 3

Discussion in 'Share Investing Strategies, Theories & Education' started by DaveJ__, 22nd Jan, 2008.

Join Australia's most dynamic and respected property investment community
  1. DaveJ__

    DaveJ__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    111
    Hey it's getting cheaper! :p:rolleyes:
     
  2. voigtstr

    voigtstr Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    601
    Location:
    Hobart
    I've already bought more stock when the price was low.. paladin is still above my average price so there's no more buying opportunities for the time being.

    At some stage I should probably get some bhp.
     
  3. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW
    “I've already bought more stock when the price was low.. paladin is still above my average price so there's no more buying opportunities for the time being.”


    ‘Catching a falling knife’ is a painful technique and may erode your bank account.
    :cool:
     
  4. voigtstr

    voigtstr Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    601
    Location:
    Hobart
    I picked it up (the second time) the day after it bounced off the kitchen floor :)
     
  5. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW

    It may hit kitchen floor again. :eek:
    PDN gapped down (20c) on the open today = bad news! :cool:
     
  6. voigtstr

    voigtstr Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    601
    Location:
    Hobart
    Possibly because os some bond thing they announced. Regardless I think they'll do well when both mines are at full production.
     
  7. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW
    As always- time will tell.
    Protect your profit!
    Have fun :p
     
  8. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW
    Houston to ...

    Moonraker....

    Pump it up - please:eek:
     
  9. The Stig

    The Stig Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    161
    Location:
    Central Coast NSW
    My software is predicting the ASX200 (XJO) will be at 4937.10 (or lower) by the 12th March 2008.

    We will see a 2.7% drop on Monday as the US just did that last night.

    I'm loading up ready to catch another falling knife :D

    Look Dave J, I'm doing Technical Analysis. :p
     
  10. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW

    I would NOT underestimate DaveJ !!!!!!! :cool:

    YOU must be a kamikaze pilot.

    Happy losing !!. :rolleyes::p

    PS-
    I've got 4950
    and.....11 250 on DOW.:p
     
  11. DaveJ__

    DaveJ__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    111
    Hey Stig... Yes very interesting times we are in huh!?
    Don't forget we went down 1.4% on Friday so we might already have had a bit of the 2.5% fall factored in.

    I don't mind which way the market goes... I am trading it in both directions and doing very nicely on the short side at the moment ;) Best month ever in fact, and i see more to come.

    As for 'Technical Analysis'... Welcome to the dark-side, where you are forever up against the nemesis of the fundamentalist:D Just remember nothing can predict the future, its just about probabilities.

    Best advice i received... "If in doubt, get out!" Who knows how much the US have #$$%# things up for the global economy?
     
  12. The Stig

    The Stig Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    161
    Location:
    Central Coast NSW
    Simply having fun with him from another thread where he told me to google Technical Analysis :D

    This thread is about falling markets and people reactions to it. What's with the personal attacks??

    Anyone can say what they would have done after the market makes a move. I am simply voicing what my system says will happen and my plan if it does. The system is wrong half the time anyway. If it goes up I make money. If it goes down I buy more. That's part of the plan.

    I plan to be in the market for the next 30 years. So what if I buy after a big low and it goes lower. It happened to me in 2001 after Sept 11. No big deal.

    But thanks for your concern Tropo :D
     
  13. The Stig

    The Stig Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    161
    Location:
    Central Coast NSW
    Thanks for the welcome. Bit late though, been here for 10 years already LOL.

    As for how much has the US stuffed things up for the global economy, I'll let you know in a few years :D I will have the right answer then :D
     
  14. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW
    "But thanks for your concern Tropo :D[/QUOTE]"



    My pleasure!!:D

    PS=
    I do NOT wish you luck, because as you know LUCK (4 letter word) has nothing to do with it.
    Anyway ..... happy investing/trading (whatever you call it).:p
     
  15. DaveJ__

    DaveJ__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    111
    :confused::confused: If you are familar with technical analysis why would you be buying at the moment instead of waiting for the uptrend to resume??? :confused::confused:
     
  16. The Stig

    The Stig Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    161
    Location:
    Central Coast NSW
    Because I don't get emotional and if I see something that has hit a support level I am comfortable I will buy it.

    There are a gazillion ways to make money in the markets.
     
  17. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW
    "There are a gazillion ways to make money in the markets."

    YOU do NOT have an idea how wrong you are.
    DaveJ is spot on!! :cool:

    As far as I am concerned = YOU are NOT a trader.....:rolleyes:
     
  18. The Stig

    The Stig Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    161
    Location:
    Central Coast NSW
    Tropo, you are so smart and successful.
    Please, tell me and everyone else reading this, how it is done properly.

    And also, can I join your DaveJ fan club???
     
  19. lauries

    lauries Member

    Joined:
    1st Jul, 2015
    Posts:
    12
    Location:
    Brisbane, Qld
    XJO at 4950.:confused:

    That's a big call - you must have the super deluxe crystal ball. :D

    That would be a 28% drop from November high and a further 11% from here. We must be in a recession that nobody told me about. I am flat out knowing what I am going to eat for dinner let alone predicting such catastrophe for the market.

    I thought that "Charts do NOT predict. Charts are telling you what is happening at the very moment. But, not to worry. Nobody knows what will happen in the future"

    Just wondering, are you "hoping" the markets will drop that far.:p

    What is the term for "ramping" on the downside? Sloping, perhaps.:p:D
     
  20. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW
    typo

    Simply ... follow a trend. That is the way I play.;)
     
    Last edited by a moderator: 2nd Mar, 2008

We provide our clients with the opportunity to select their own investments from a wide range of ASX listed securities. We provide the research to ensure your selections will achieve the goals. This is the value of advice.