GDN golden state resources limited

Revels....I am certainly not anywhere near the same class as...

  1. 2,086 Posts.
    Revels....

    I am certainly not anywhere near the same class as T4P, but thanks anyway....not really even worthy to stand in his shadow...but I try nevertheless.

    T4P's ability to pick winners very so early on is phenomenal....some may argue that his valuations can be too high at times, and I probably would go with that....However I wouldn't agree that there are any real sinister motives behind that though...and at the end of the day, it's just some information presented to the reader to ponder over....no-one need heed anything, and it would be more than silly for anyone to base investment decisions solely on information presented here.

    Doing your own research such as carefully, and thoroughly, going through ASX announcements (and understanding them) should always be the first call, followed by endeavouring to understand the market dynamics and fundamentals, such as supply and demand, in which a company operates.

    Whilst I don't really subscribe to TA, it can be useful, as so many others do follow it, and it can be sort of self-fullfilling ie. if many see the same pattern, the same buy or sell indicators on a chart, then they will likely act upon it, and move the shareprice in a direction. For me, TA is far more useful in detecting increasing volumes traded in a share which might indicate some insider trading activity.

    Really, Hotcopper and other forums should be the last port of call before any investment decision is made, as it is possible that someone may highlight something that one may have missed during one's own EXHAUSTIVE research....one can't catch everything, no matter how hard we try.

    On that note, for me, hands down the two best posters on this forum are Macrae12 and Trade4Profit....and I can't split them.

    That said though, one must take responsibility for their own actions, and be comfortable in the investment decisions they have made based on their OWN research efforts....and if one feels that they are not proficient enough as yet, then they should allow a professional to do it for them until they are.




 
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