Short Term Trading Thread: Week Starting 13 Nov

Originally posted by strauss ↑

You rang?

Hardly posting these days here for a few reasons but main one being my style is to find unloved stocks at their lows and then to buy in early and cheap and share research where everyone has a chance to pick up a bargain

Problem is when you buy an unloved stock that's cheap it comes with a heap of baggage usually in the form of disgruntled shareholders

Take PNN as an example few weeks/months back that was a no brainer buy for me at its lows around the lows 1s given its price history as well as its Mkt Cap compared to peers

So I buy and post some research why I think the stock is cheap and then I wait for what I see as the inevitable rerating

Problem was more and more I'd get trolled by some angry disgruntled shareholder and end up wasting time arguing with them on the threads so after a few more of those incidents I finally decided enough was enough I'm not here to lecture people but to make money and so my time is better spent doing research rather than arguing
Plenty of arguing initially on PNN but hasn't changed the fact that as usual buying the lows has given a few bags retrun, 4-5 bags in this case

You mention Fib Anton and in my mind he was put simply the best stock picker I've seen so far
The guy picked so many 10 20 50 and even the mythical 100 Baggers but even he had enough

If the market frenzy slows down you may see me here or on the XSO thread but not sure I'm going to bother posting on individual stocks any more because it's just no longer enjoyable and really apart from ego of being able to say I was right the enjoyment was the only other thing about it

Expand

@strauss Thats a real shame ......... that you're helping others and contributing openly and honestly and somehow the fun gets sucked out of it. Not right.
I , and possibly speaking for a lot of other anonymous posters, have learnt a lot from your approach, and generous insight and research. I'm sure much appreciated and consequently will be much missed.
Was always fascinated how you guys find these stocks but never really confident enough to ask.... til now so ..could i be presumptious to ask...What is your approach to finding those unloved stocks ? is it meticulously combing the ASX one by one, or are there approaches used to narrow things down like scans or other tools or whatever ? Would love to boost my knowledge as quite addicted to playing in this sandpit
PS I know from previous posts that it is any area of your interest but I had the opportunity to attend a small lecture by Tony Seba in the US earlier in the year- very enlightening - and have subsequently read his book... Thanks also for your insights on this area
Xela