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nizar

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  1. QUOTE (early birds @ Friday 24/08/07 03:59pm) QUOTE you are the bigest grizzly on this board. Tend to agree (about CM!) http://www.sharescene.com/html/emoticons/graduated.gif Iv been having a break the last few weeks (since the XAO broke through 6200 support like it wasnt even there). But i will be back, shortly http://www.sharescene.com/html/emoticons/biggrin.gif Good to see you guys still cleaning up...
  2. In reply to: gwydir on Monday 23/07/07 09:57pm Hi Gwydir, Im looking for portfolio management software. Does the Stator "lite" version do tax-print outs for you? Im guessing position sizing only comes with the professional package though??
  3. In reply to: 29101971 on Saturday 18/08/07 04:52pm 11.5% in 4 months is a fair bit. Its a big call i reckon. Japs copped it hard though.
  4. In reply to: Danville on Thursday 16/08/07 09:30pm QUOTE Don't mean to be cute here at all, but I don't see why this is so unbelievable. The xjo spent two months bouncing off 6400 and retreating. Resistance. When 6200 fell the trend line was broken. But our market has been so strong, that any bearish posts were viewed like the boy who cried wolf. You'll find many, many posts here on SS the last few weeks and months with traders going to high cash positions as the risk of a decline seemed to increase. Traders locked in profits, investors stops were hit, and the snowball began. I think the reason that our market was hit harder than most is because of the highly leveraged CDS's which are legal in this country. When you are leveraged 97% and the stock goes down 10%, it all goes pearshaped in a very big hurry, as you lose not only your original investment, but multiples more. This can require you to liquidate several positions in order to cover losses on just one. Add to this the automatic liquidation by companies such as CMC. They will automatically liquidate your entire position if it goes belly up, not just the amount needed to cover your losses. And blaming shorters when the market goes down is like blaming investors when the market goes up. There are many, many ways to make or lose money in these markets. Some like the short side, and some prefer the long side. The bulls have had an extrordinary run. But the bears have been lurking, and have finally come out of hibernation. We might have to learn to live with them for a while. Worth repeating. One of your best posts so far. Welcome back, I hope you had a great holiday http://www.sharescene.com/html/emoticons/biggrin.gif
  5. In reply to: Monteverdi on Thursday 16/08/07 08:31pm QUOTE I recognise that the market is not particularly interested in my beliefs. Not thats a great call if Iv ever heard one. Very true and applies to everyone.
  6. In reply to: Monteverdi on Thursday 16/08/07 08:12pm QUOTE I am in the fortunate position of being able to hold for as long as I choose. How does that make you fortunate?
  7. Wow, great points by everyone here so far, especially Wolve and Anna. QUOTE Try to get yourself to a point where you are an expert in your chosen area This is a great point. I think especially for a beginner (I was there once not long ago) its important to get a view of each of the different styles of trading, and then you can decide for yourself which is going to suit you better. Im going to suggest some books, all of which I have read and do highly recommend. Fundamental Analysis One up on Wall St. - Peter Lynch Technical Analysis Secrets to profiting in bullmarkets and bearmarkets - Stan Weinstein General trading, risk management, money management, psychology Trade your way to financial freedom - Van Tharp Trading for a living - Alexander Elder Mechanical systems trading Trend following - Michael Covel Way of the turtle - Curtis Faith You may get lucky and find them at a university library. If not, just buy them. They're not cheap but if your a serious trader you wont be cheap either. All the best on your journey. It will be well worth it.
  8. In reply to: spartz on Friday 10/08/07 12:06am Sounds interesting spartz. So where are you off to next? The DAX has been on fire the last few years (outperformed the ASX200 big time). Those suits they were wearing mustve been nice ones ! http://www.sharescene.com/html/emoticons/lmaosmiley.gif
  9. QUOTE (King Baz @ Saturday 11/08/07 06:58pm) QUOTE Like you K, the current developments are music to my ears. Gdya Bazzy, Well i was out when the XAO broke through 6200 support like it wasnt even there. So not as early as you -- but still, i cant say seeing punters getting hurt is music to my ears.
  10. QUOTE (kahuna1 @ Saturday 11/08/07 05:48pm) QUOTE The higher any stock goes the nearer it is to its eventual peak and the less one should love the stock. In other words one should be reducing when its going up an the converse when its going down ... not suggesting now is the time to double mind you . Well my tactic is actually to pyramid into my winners (on pullbacks)/ (It should be said that im much younger and much less successful than Kahuna! http://www.sharescene.com/html/emoticons/lmaosmiley.gif ). Peter Lynch actually said in his famed book: "When a favourable card turns up, add to your bet", so there must be merit in this strategy. C'mon Kahuna, we know how much you love Peter? http://www.sharescene.com/html/emoticons/wub.gif Also, have a look at this link. Some of these traders make Alan Moss look like a peasant! http://www.sharescene.com/html/emoticons/lmaosmiley.gif http://www.dailyii.com/article.asp?Positio...6&pagPageID=218
  11. Hi Renai, In terms of software i use Metastock and TradeSim.
  12. In reply to: early birds on Sunday 05/08/07 03:44pm Jim Cramer went spastic! http://www.sharescene.com/html/emoticons/lmaosmiley.gif That interview was gold. But EB, surely you dont agree that Fed should cut rates? If they do -- then i agree with the reporter (she's pretty hot as well http://www.sharescene.com/html/emoticons/wub.gif ) -- that would cause Armegeddon. I love the part when he said: "You cant get a darned loan if your rich like me!" I read somewhere he has about $100mil from his hedge fund manager days, nice.
  13. In reply to: anne on Sunday 05/08/07 12:36pm QUOTE PS buying and selling are two very different experiences. Buying is a joyful experience; you are full of hope and want to share your good find with others. Selling is the opposite - it's like you are murdering your baby and your hopes. I know I feel rotten when I sell and terrified I have done the wrong thing. i just want to crawl into a hole and not talk about it. i certainly don't want to have to go on thankless forums and defend my action and then have to put up with the arguments. I also don't want to feel foolish if teh price keeps going up. Woudnt you also feel foolish if your "good find" tanks after you buy in? I certainly would -- unless of course, you are a permabull, in which case you load up the truck with "cheapies" http://www.sharescene.com/html/emoticons/tongue.gif
  14. You'd have to be bl00dy stupid to take up the 40c SPP offer -- when you can buy on market for cheaper with more liquidity compared to the SPP where you wont see your money for 2-3 weeks. But of course -- there will be some that will take up the offer probably. The market never ceases to amaze me.
  15. In reply to: King Baz on Saturday 04/08/07 04:01pm QUOTE Yes l have sold about 4M NWE (all above 30c). Yes l still hold some. You're a bigger player than even I thought. Keep up the good work champ.
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