Why don't you post a link to the original site where you took all this information from?
It's all here: http://www.incrediblecharts.com/indi...moku-cloud.php
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Why don't you post a link to the original site where you took all this information from?
It's all here: http://www.incrediblecharts.com/indi...moku-cloud.php
Sticking my non trading nose in (and knowing NOTHING about the company and just looking at the 10 year (not the one year) chart) I, as a long termer, would have held and be looking to buy more...but as a trader I suppose I could see the point in selling and looking to buy back in as it recovers... Is this your plan?
Ride em cowboy..... hypothetically speaking since I am not a trader. If you forced me to make a decision I would be looking at underlying company information, its place in the industry, overall market conditions etc. etc. Presumably as a trader I would have a set range to sell and a set range to buy. If one wants to be successful presumably it would make sense to have pre-established guidelines and stick to them. Discipline is important to my way of thinking. I imagine traders like to measure and evaluate their trading systems and if you don't follow the rules you cannot test the results. I cannot imagine a trader letting something drop that much but I suppose it depends on the previous trading patterns it could well be that some shares have greater volatility and one could set a wider range between events. As a holder I must confess to letting shares get into your 30% range but MOST of the time they have recovered and in the meantime I have been getting dividends. Obviously completely different when trading. I have recently started some trading and have had one success and one failure (so far) but have yet to develop any real rules of engagement .
Ah ha I assumed you were trading it based on the thread. So if you owned it for 2 years buy price would have been approx. 3.30 and selling it at 5.83 is a very nice return just from growth alone. As I said previously, looking at the ten year chart shows a better picture but that's purely superficial and I know nothing on the companies prospects and current position. I can see your rationale if there are other more attractive prospects available. Not sure if I agree with your point that good companies never lose their mojo. Buying strong companies at the height of their strength can be limiting to the upside potential in comparison to a basically sound company that has lost its way temporarily. Tortoise and hare. However everybody works to their own systems and achieving that sort of return on a regular basis would make your system the envy of most people.
Whatever gets you up in the morning:). How does your system cope in a sustained down market...surely must be a lack of suitable options then? What/how do you change? I use elements of TA for buying and buying more but death is my exit strategy (based on premise of dividends for life). Of course this theory /strategy has no proof available since I have been in market relatively short period and haven't died recently so all a bit of work in progress.
I like your style. Watching CNBC this morning they put up a chart of the Nasdaq and it showed a very clear head and shoulders pattern with all the risk too drop off from the right shoulder. With the Russian / Ukranian situation potentially affecting European stocks and having world-wide trading implications, (one of their expert analysts after just coming back from the Ukaraine thought that it seems almost inevitable that Russia will invade eastern Ukaraine), its hard to see very high PE and no PE stocks, (i.e.like those trading on nothing but thin air and promises and future sales growth with no demonstatable proven profit record) not getting their wings clipped as a rotation towards value stocks and safe havens gathers momentum. Well run, moderatly geared high dividend REIT's look like a good place to hide, as is good old fashioned cash or short term high quality bonds.
Hi KW. My first post - very interesting thread. If you don't mind me asking, what sort of returns have you averaged using your current approach?