I know it was a joke. You even had "lol".
I am a short-medium term investor/trader. While I need to see a strong fundamental but will always set stop-losses/sell-gains etc.
At the moment there is a lot of hype and "potential" in the infant formula sector. Same goes for Cobalt, Lithium, Graphite, Uranium, Rare Earth, Iron Ore, Coal etc. depending how far you go back.
I have found trading and short-medium term investing in "what is hot" is the best way. Never fall in love with a stock. Before a bubble burst usually it takes about 18-24 months to inflate. First 3-6 months the inflation process is quite slow. Then there is usually a 3 month where things deflate or stagnate/plateau. Then the bubble burst (with a couple of attempts to reinflate along the way). Stop losses is the way to play. If the stock keeps going up then adjust the sell to "10-15%" of the upward movement (last traded price). Main thing is NEVER let a loss drag on.
While I enjoy reading fundamental research but I find too many people stick to this no matter what. I am astonished that when talking about a stock that could potentially fall by 50% some people even say "so what ... just means I can buy more cheaply". Imagine if your fund manager tells you the $100,000 you put in with him/her is now $50,000 but "do not worry even if it falls to $20,000 as you can buy more to average down and things will have to move up sometime".
Stocks is like a one night stand. Prepare to end it at the first sight of trouble.
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Mkt cap ! $32.56M |
Open | High | Low | Value | Volume |
2.3¢ | 2.5¢ | 2.2¢ | $76.60K | 3.241M |
Buyers (Bids)
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---|---|---|
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2.5¢ | 364659 | 3 |
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5 | 4164689 | 0.022 |
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2 | 349000 | 0.020 |
1 | 52631 | 0.019 |
Price($) | Vol. | No. |
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0.025 | 364659 | 3 |
0.026 | 400000 | 1 |
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0.030 | 1144750 | 2 |
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