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nizar

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Everything posted by nizar

  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.
  16. In reply to: Nicwix on Thursday 02/08/07 09:57pm Its amazing how BLR, INL, and AGS are up there in the most tipped stocks. Just shows how permabulls there are. The similarities in these is that they are all on a solid downtrend for several months now. Im suprised PDN isnt up there, lol http://www.sharescene.com/html/emoticons/lmaosmiley.gif
  17. In reply to: surfer on Friday 03/08/07 05:17am QUOTE I picked the 1987 and 1994 downturn to the day. Good effort brother. I picked the 1929 crash to the day. My actual age is 106 http://www.sharescene.com/html/emoticons/biggrin.gif
  18. In reply to: early birds on Thursday 02/08/07 11:09pm QUOTE if have risk/reward ratio 1/2 and strucking rate 6/10 we make living out of it. Damn right you do! http://www.sharescene.com/html/emoticons/lmaosmiley.gif R/R = 2 and win% = 60 is a postive expectancy system which cleans up. Sikeveo -- Welcome to sharescene and to this thread. Nice to see you getting an early start while in Uni, myself pretty much the same. But i dont trade indices coz then i would never study! Now at least i get a bit done after the 4:10pm close http://www.sharescene.com/html/emoticons/biggrin.gif
  19. In reply to: bailej03 on Thursday 02/08/07 01:05am Hi Bailej, I think whether its between clients in the same brokerage firm, or between brokers, it still appears as XT. But if you are with a full service broker then they can tell you who has been buying or selling. eg. if its from comsec or etrade, then you can assume its daytraders or small players.
  20. CM, as we have said many times, you are just as good than McLaren. These gurus are known for their good calls, but the bad ones we dont hear much about unless we track it. To those that picked up bargains yesterday, nice one. I guess fortune favours the brave http://www.sharescene.com/html/emoticons/sadsmiley02.gif There will be alot of short covering today i reckon.
  21. In reply to: One Up on Wednesday 01/08/07 09:05pm QUOTE "what comes down, goes up again" LOL yeh i agree. The above quote is a joke. I prefer this quote, with a special twist at the end which is relevant to those still holding PDN. "Bulls make money, bears make money, but sheep get slaughtered, and permabulls get BURNT"
  22. In reply to: reginald on Tuesday 31/07/07 02:40pm LOL are you serious? http://www.sharescene.com/html/emoticons/lmaosmiley.gif Looks like a solid downtrend to me http://www.sharescene.com/html/emoticons/unsure.gif
  23. In reply to: Bloodwynch on Sunday 29/07/07 04:01pm QUOTE The correction in the U sector is long overdue In fact its already been happening for the last few months. Have a look the big stocks, PDN, and ERA, they tell the story. There was no money to be made from uranium stocks since after April 27 (since people starting dumping their "April 27 mutibagger potentials" -- bought only a few weeks prior!) The smart money did a bit of sector rotation several months ago (around May) into oil and gas plays. QUOTE It will be fun to watch. Its never fun watching anybody lose money. But the writing has been on the wall for sometime.
  24. In reply to: early birds on Sunday 29/07/07 01:01pm Its very disappointing (for me -- a permabull! http://www.sharescene.com/html/emoticons/lmaosmiley.gif ) that XAO fell through the 6200 support as if it wasnt even there. The last 2 days solid red candles. Closed on the absolute lows. No sign of bargain hunters in the arvo. Im closing most of my portfolio 2mrw http://www.sharescene.com/html/emoticons/unsure.gif Just take a break and focus on my trading.
  25. In reply to: Monteverdi on Saturday 28/07/07 07:53pm QUOTE It is difficult to remain objective and I have been wrong enough times to know that the direction of the price is far more relevant than my opinion. Hi Monteverdi, Welcome to ShareScene. THis is the first post Iv read of yours, but from what Iv highlighted in bold -- You have potential to become one of the great ones. QUOTE My consolation is that not taking part-profits on the way up has left me ahead of where I would have been had I followed my usual plan, but if I get away with it it will be through good luck rather than disciplined trading. Interesting strategy, though not one that I follow myself. Rather, i do the opposite, and tend to pyramid into my winners on their pullbacks. All the best with your trading.
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