Hi Mcgaffen,mmh, you considered selling at 21.5c using a Stop...

Hi Mcgaffen,

mmh, you considered selling at 21.5c using a Stop Loss, waited until 25c to buy and are now hoping for the rise to continue to sell. I bought the Monday dip from 23c downwards as the strong FA will always here take the sp up again, just a matter of time. IMIO, if a stock is based on strong fundamentals one should take the risk to buy the dips and not to get scared by a bargain sale.

Slick does a smarter job, combining TA and FA as even the best TA is very risky when buying a crappy stock.

My strategy is based on the Casino Rule, in the LT the bank always wins. Players play the low odds players game while Steini plays the higher odds bank game based on player odds + bank odds = 100%. Applied to the ASX, follow the big guys' buying / selling pattern, buy low-sell higher and not the retail people buying high and sell, when getting scared, for much lower.. Of course my funds allow to buy all the price lines. With just a few $, yes I would have to go the hard retail way as I did for many many years.

As a cheaper alternative, the IMUODs haven't moved much so far.

GLTA