fantastic market reaction, page-69

Quackie, You are bending the truth a bit mate. There is a clear difference between debating a post and making a snide sarcastic comment in reply to a post. Clearly, you are sugar coating for the masses. Obviously since making your sarcastic comment, you have gone away and spent some time putting together a constructive post which debates the topic. But, at the same time not forgetting to take a shot at me.

I am all for copping criticism and being challenged, but if you profess to not knowing anything about a topic, why then come out and sarcastically pass comment about it in the next post.

As I said, i was just trying to pass on something i have learnt. Since you professed to not knowing anything about TA, why did you find the need to reply and make a sarcastic comment at that. You were not stirring debate!


All i know is that on 4 separate occasions of the past 20 years i have been caught continually averaging down on a stock thinking it was great value until they all went broke.

I have also made trades where i got into a stock midway through its down trend only to see it continue to drop much further. And I had to wait a few years for it to recover.

Again, as i said all along, I try to find tricks to limit the emotion that i have as an investor as i tend to get a little too emotional. I try to arm myself with a few different rules and looking at how something is trending is just one of my rules I try to apply. It is not fool proof.

If you are happy with the way you do things, no probs at all. Ignore my post and drop the sarcasm.

My post was about making a decision when to enter a stock. The reality is whether we like it or not, TA plays a part in how our stocks perform. Choose to ignore it at your peril. And i stated, I am in no way a TA expert. It is something that has saved and made me more money in recent years when compared to the past.

To totally disregard trends when making an investment decision is a little naive and it is akin to sticking your head in the sand. You yourself even acknowledged that TA drives stocks up and down, so why not try to benefit from it.

If you haven't noticed, the days of "it's time in the market" are not what they used to be. Timing is probably more important. And even you agreed that the big boys manipulate the market, so why not try to learn a little than just trying to fight it.

There is nothing wrong with using fundamentals and a little bit of TA when choosing to buy a stock. I wish i did it 20 years ago when i first got into the market. And in this case, no matter where i buy in, it will be cheaper than $1.80 when i was first tipped the stock, but didn't buy it because it had an ugly looking trend.

Not for one moment am I disagreeing with you that this is a place to debate and disagree with each other. I took issue with you because you chose to make a sarcastic remark about my post.

If you had posted your above post, putting forward a logical debate instead of just dismissing me with a snide remark, we wouldn't be wasting our time.

Please do me a favour, since you are a fundamental investor and not a trader, go and have a look at the 5 year chart. There are other stocks you could do the same like TLS & NWS. And of course, there are stocks that have charts all over the place. But, when there is a clear, distinct downtrend, it makes my decision a lot easier. I am not talking about 1 month movements. In my free time, I like to go through the ASX and look at 5 year charts and look for stocks with distinct uptrends and downtrends. And i have them separated into 2 different watchlists (Up & down watchlist) *** I only look for trending stocks.

As i said, i was trying to pass on a little knowledge and it is up to you to take it on board, debate it or choose not to read it. But, a sarcastic reply in your case was not warranted.