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RSG is the code.
I learnt last night from KW that buying stocks in a down trend is the best way to throw your money away.
Stay away until the trend changes.Going by the charts that is unlikely to happen any time soon.
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Originally Posted by percy
RSG is the code.
I learnt last night from KW that buying stocks in a down trend is the best way to throw your money away.
Stay away until the trend changes.Going by the charts that is unlikely to happen any time soon.
I hear you mate and won't buy until the chart says its clearly bottomed-out. I'd rather let others have the first 10-15% of a new upward trend in due course than catch what appears to be a falling knife at the moment. I've put it on my watch list though because history tell's me there's lot of money to be made if you get the timing right by buying out of favour companies with dirt cheap PE ratio's. I think waiting until the price has clearly intersected the 100 day moving average with a new uptrend is a nice simple tool that's useful with stocks like this. 100 day moving average is currently at $1.20 so I'm happy bide my time.
Thanks for the warning. Fear and Greed, the two greatest motivators, Greed was starting to get the better of me
Last edited by Beagle; 17-05-2013 at 04:30 PM.
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Originally Posted by Roger
I hear you mate and won't buy until the chart says its clearly bottomed-out. I'd rather let others have the first 10-15% of a new upward trend in due course than catch what appears to be a falling knife at the moment. I've put it on my watch list though because history tell's me there's lot of money to be made if you get the timing right by buying out of favour companies with dirt cheap PE ratio's. I think waiting until the price has clearly intersected the 100 day moving average with a new uptrend is a nice simple tool that's useful with stocks like this. 100 day moving average is currently at $1.20 so I'm happy bide my time.
Thanks for the warning. Fear and Greed, the two greatest motivators, Greed was starting to get the better of me
You are onto it.
I should have known.!!!
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Originally Posted by percy
You are onto it.
I should have known.!!!
Always good to bounce idea's around though and I am grateful for everyone's thoughts.
Interesting to note on CNBC that George Soros and some of the other whales are bailing out of Gold and Silver. Could be quite a while till we see a new up-trend I reckon.
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BDR , NST, MML, PGI i believe are the cheapest producers by far, worth putting them on ones watch list and doing ones RESEARCH for when a turnaround in Gold price/sentiment happens
Last edited by Joshuatree; 19-05-2013 at 07:32 PM.
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Originally Posted by Joshuatree
BDR , NST, MML, PGI i believe are the cheapest producers by far, worth putting them on ones watch list for when a turnaround in Gold price/sentiment happens
Thanks for those tips, much appreciated
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Soros has been bailing out of gold but has gone long call options on junior miners... ;-)
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