valuation, page-4

Thanks Newminer.
Andrew1234 is wise.
Rod 178 needs to remember the worlds greatest investor is a long term investor, not a trend follower.
Personally I like both strategies combined, but value gets priority.
I only trade stocks that are worth holding long term, and I trade part holdings according to technicals to make my "wages".
In the past I've tried trading stocks I don't know well by following trends, but too often I got forced out at a loss when the technicals broke down. I had to sell because I did't know the stock well enough to risk holdind when the chart no longer justified holding. That's gambling in my opinion and gamblers usually loose in the long term except for a very few who are good at it and make money from the vast majority that are not good at it.
Rod, if its working for you, stick to it.

NKP is speculative still in my opinion because of only one thing .
Political risk. As such don't invest too much, sread your risk across a basket of NKP type stocks and the gains on the winners will far outweigh the losers.
If I sold at times when stocks looked disastrous (like NKP lately), I would have sold Kanowna under 5c after buying at 9c. It later changed its name to Andean and got taken over at around $7. I bought EQN at 60c watched it drop from $6 to $1 during the GFC and now it's also under takeover offer and trading above $7. Unfortunately I didnt hold either to the end, but both made me multiples of my investment.
There have been a very few losers over the last 7 or so years but as I said, if the stocks have quality assets and if you spread your risks, the gains from 1 EQN will outweigh losing all your money on 8 other stocks. the gains from 1 Andean will outweigh losing all your money on 80 other stocks assuming you hold till the end.
Losing all your money on just a few stocks is rare enough to make long term investing very profitable if you research well and manage your risks.