Fark me, hound and I had the ‘subspecies’ in last night, some of the girls wanted to talk about resilience, to my surprise subject popular with the balance of the ‘subs’.
Team had nothing, other than flick her a book to read, catch 22, not really anything to do about resilience other than a good read. (1st book I read of own volition)
Idea being disconnect, concentrate on one thing for an extended period of time in absence of anxiety and let that process provide structure. Fark me!
Gets back to the pollies above, don’t really think the pollies are the problem but individual motivations and their facilitation by the technological communication platforms at play.
Seems like some Yanks have become absurdly rich at the expense of Western Culture as a group losing about 20 basis points in IQ, but maybe that’s just me have an open mind.
Pretty much rationality and intelligence concerning long term outcomes have a chance among a few uninformed opinions but give a voice to millions and LCD outcomes are guaranteed for no other reason than that’s who we are and what motivates us.
Depressing stuff so ignorance is bliss, hound and I off down the coast for a few waves and a 'catch up' with KP and Eric.
Market seems to be a tad engorged by money that has nowhere else to go atm, especially with the small / mid cap tech / bio’s with global potential. The ‘momentum’ crowd, WAAAX ‘want to BE’s” if you will.
Trading hound has recognised a pattern that keeps repeating (last 6 months) and garage fcking around with that with some success.
We hold a few of these stocks and will continue to hold until market gives us a reason to sell, in saying that irrationality has entered the room some time ago and uncomfortable with continual large exposure to ‘momentum’ while understanding that’s where the money is going, so on a select few on top of our ‘comfortable’ holding we trade the hound’s pattern.
Pattern is resistance becoming support,
Volume inc > resistance > volume retreats > SP stabilises close to new resistance > time passes on low volume > SP stable > buy.
This pattern in stocks like CLV, EML, ZIP etc is pronounced, trick being the pattern must be there and ‘less is more’ with number of stocks under surveillance, don’t get greedy all about absolute dollars not %.
So, you might have $10k in say EML over a period of 6 months but for short periods $30k.
Might sound a bit irrational but what your comfortable with I guess, I’ll put $10k in momentum for life of trade but not $30k, you have 5 of these stocks that's 5 x $30k floating on momentum, as I say need to sleep at night.
So, exposure midterm supplemented by trading gains while people busy talking between themselves about FANNGS and WAAAX’s and also sleep well at night.
My 4c play AJQ a dog, cut and ran also my anomaly play OMH, SCL a beauty, now if only someone would run the ruler over LON, have noticed 15% of company has been taken up by ‘value’ asset traders in last few weeks.
Election campaign and according to the ‘subspecies’ life in general make this one more appropriate than when it was composed some 50? Years ago, not written but ‘composed’ as truly believe it’s a work of art, I’m sure Oliver Stone would agree.
Keith and Mick looking suitability degraded as only rock gods @ 70+ years can, all seems perfectly appropriate to me.
(20min delay)