I don't use purpose software systems at all - just ABN Amro access with very keen interest around their reporting season forecasts looking for large NPAT increase stocks with substance coming up from ASX 300 or within ASX 200 - I then investigate them.
My speccie selections are largely drawn from trawling / surfing, picking up sniffs and then researching hard around substance, story, sector, sentiment. I don't really go for penny dreadfuls and prefer shares at $1 plus through to about $3 or $4 as buy in preference then follow through with them if they can sustain momentum to usually about $12. for some reason I have found $12 is a roadblock for many good shares - weird and really unexplainable but I have been in shares long enough to know sentiment is a fundamental driver and it seems a lot of fund managers seem to be falling off the growth stories once they get to +/- $12 or so.
I am still confused over the best strategy (strategies) to adopt when looking to exit. This is my biggest concern to resolve.
I have been lucky (good?) at identifying decent stocks to buy, mostly, but still can't figure the sell side. I am thinking some kind of trailing stop loss that allows for daily dips but not progressive downtrend. Then ignore amazing events that don't relate to coy performance like 9/11 etc. This looks like it will work ok when there is a progressive 'slide' back in price but often the price plummets on one day and then I am shot and left holding a sick one. Recent example DOW.
It seems like I need different rules for different types of shares as well - speccies are more likely to bounce high / low within wider range so need a bit more latitude.
I see your investment style appears very similar to mine. I am aggresive growth seeker amongst ASX 200ish (not "blue chip" ASX 50) stocks with a small percentage in speccies and I'm trying to develop a process of exiting my slowest stock every couple of weeks or month so there is kind of competitive pressure guiding performance rather than emotional attachment I tend to develop sometimes.
I suggest if WOR drops more in next couple of days have a go at them if you don't already own. They are a growth story and lack of outlook advice for 2007 in announcement may provide a buying opportunity.
If you've got any suggestions on investing you can email me at
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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