objective analysis of today's events, page-35

Hi chihawk, thanks for your comments.. I too enjoy your post's and find them most informative so I will respond to some of the point's you have raised...
firstly the fact that I realise the game is rigged makes it easier to play.. As a trader/investor everyone should have a plan that they stick to religiously.. first rule of the stock-market, sometimes those rules will pull you out of a stock when you could have made more profit but more often than not they will prevent loss.. I base my rules on the fact that the market is manipulated and that we are at the bottom of the food chain..This works for me as I make my living by trading and run my own super-fund..

So with regards to Lynas I have some in my super-fund long term they don't get touched.. As for trading Lynas this is where I have to be very disciplined as it is easy to be overcome by greed with a stock that's moves as much as this one, and risk losing your profit, so if I get out and it continues to rise I don't get sellers remorse because that's good for my super-fund but if it pulls back which it always does eventually I look for my next entry point..I pick my entry and exit point's based on charting, market sentiment and any possible announcements that could change the fundamentals, from these I weigh up the probability of where the SP will go short term..it works for me I make a living doing a job that I love and suites my lifestyle..so I guess my solution to the problem is stick to your plan, don't get greedy,don't panic, do your research, listen but always analyse the word of word of others, and look at the big picture.

The stock-market is a form of gambling even a roulette table has a mathematical probability of the next result but with the stock market you have many more resources at your fingertips to detect probability so you can stack the odds in your favour if you do it right, as for it being an addiction perhaps not the words I would like to choose but if by addiction you mean I love what I do and want to do it forever then yes is your answer..

As for market Psychology that's easy greed and fear are the two emotions that cause a big majority of losses.. To be a success you need to trade or invest like a computer because that's what you are up against, for an example of the play on fear look at how the bad press came out after the TH to allow time for the fear to manifest without being able to
do anything.. How many times does bad press come out on a weekend when nothing can be done till Monday.. Look at the wording of the IAEA report it said just enough but still read in a way that could and was open to misinterpretation.. Look at the preceding announcements made by Lynas again saying just enough to get the point across but not enough to calm the market..Then the announcement that came out after trade began reiterating the possible delays but still very vague.. the so say flaws in the construction story Lynas could have stomped on this much harder by getting the contractor to make a statement rubbishing the claims but all they did was say that the building is to current regulations
again left open to misinterpretation..is this incompetence or something more?? I choose to trade like it is something more.. just remember we are talking about potentially hundreds of millions of dollars here over a period of time much worse has been done for less..

I don't think there will be a giant leap either, like I have said many times there is too much money to be made with the current pattern of ascent to the top of rise and falls within a trend line, why make $2 on a $2 rise when you can zig-zag it and make 10 times that..That's why I believe it's best with this stock to have a long term package and if you feel confident enough trade the zig-zags with caution..

As for joining Disco and Mitta I don't think that would have done any good although I did post to say that don't think you can buy at $2 wait for the announcement and then it will jump to $3, it won't be that easy...but this kind of discussion usually ends in argument and people will do as they do regardless,so I try to steer clear of that debate.. but I can tell you that since the announcement of this review six weeks ago I have traded much more cautiously not holding over weekends and downsizing my trades..if the fundamentals start to deteriorate I am not afraid to get out even if that means a loss because that could save a bigger loss this strategy has worked for me it might not work for every one.

Having said all that I believe Lynas is going to be a very successful investment mid to long term...

cheers Dorski...