weekend aftermarket lounge 19-22 april, page-41

Week Ending 19 Apr

Friday’s morns prediction from guru HLL “soft end to a soft week” turned out to be pretty spot on, although action was a vast improvement on Thursdays, which had a whiff of capitulation about it.

Gold price and commodities dive caused a big sell off in those stocks and big dips in most explorers and resource specs.

A few bright spots in the week came from outside resource sector CAJ, NEA, ICQ, FSA,MCE,MTU, can’t offer too many more stocks as they didn’t jump out at me this week. Thurs provided an opportunity for buying in at lows for a few.

Was a week to remind myself that trading errors can sometimes be very painful,
“You are never immune to bad trading habits-the best you can do is keep them latent. As soon as you get lazy or sloppy, they will return” (Jack Schwager)

The dilemma facing us today as seen by Aksier
“It is unfortunate that one of the biggest risks investors face today when contemplating whether to put their money into ASX listed stocks is trying to decipher whether movements in stock prices are created by transactions completed by "real" investors, who are investing for growth in the long term profitability of a company, as opposed to "electronic" investors, who are seeking to manipulate stock prices for their own advantage in the short term. These “electronic” investors, seemingly backed by unlimited resources, are slowly destroying people’s confidence in the fairness of the market.”

Guess the only answer is to ride the waves and always take profits when available, its just another challenge in the ever changing face of stock trading?