AZK Weekend Discussion, page-212

AZK may well turn out to be a bonanza for those who hold a few. I was drawn here by the hype; had a look and decided to give it a miss because I really can't see a need for a brain chip. Philosophical view really. Overcomplexity in today's world concerns me. Devices like Brainchip add another layer of complexity; I'm not sure that whatever benefits it might provide are worth it. We need to fix the way we work as a society more than anything else. Our political system is broken and we need to change the way the system works. Co-operation rather than confrontation. Brainchips won't give us that.

The other thing that disturbs me is the level of enthusiasm here for what appears to be an unproven electronic device that may not be of much use to us as a society in the longer term. How much of this is ramping? Don't know. However, from the TA perspective there may be more upside in this one I guess. So if you are in, follow the trend closely and be prepared to get out or at least take some profits if there is a clear break of trend, or even beforehand if you have what you consider to be a satisfactory profit. Unfortunately, when things go parabolic it is not always possible to get out with a good profit when the price collapses. I use Vic Sperandeo's method of trend following; the best there is imo. Best used though when a stock is in a shallower and more prolonged uptrend than AZK is in at the moment.

There are loads of opportunities about at the moment. A couple of good chartists on the STT and day trading forums, and some mediocre ones as well (jmo). Learning to interpret charts to my advantage has taken me many, many years; the guys on the STT and DT forums may either accelerate your understanding or else disabuse you if you are new to the black art. A few crazy rampers there though, some of whom are quite gifted.

Still, look hard at the fundamentals as well. Takes a lot of time to do it properly I've found. This mini boom in techs, IT and biotechs may be around for another few months; be prepared for a lot of it to fall in a heap later on. So easy to lose your shirt at the casino.

Cheers

Macca