Forget about being encouraged by all the positive comments on HC forums. Positive stuff only come from co-investors who WANT the SP to take off. They're not objective just dreamers who are WISHING for a positive result.
Very often they post charts with arrows that never do anything other than point UP - despite what common sense says.
Ignore the dullards who do nothing but, for some reason, troll these forums to dump on investors. They never have anything to impart doom-and-gloom - despite what common sense says.
Ignore the chartists and their predictions - which are generally 100% wrong. (Like saying, one day it will be 40 degrees and when it happens they go 'told you so').
Listen to people like who may be more objective - even if you don't like what they might have to say.
End of the day - listen to your own mind - have faith in your own decision making process and what you actually do about it because, end of the day, right or wrong HC posters ain't going to come to your financial rescue if you screw it up.
Let's look at KTD
Suggested Negatives. 1. KTD is only 131 days old since listing 2. All ASX has no confidence last 2 years - nothing's 'safe'. 3. Doing business with China must be like running through mud.
add your own here _____________________________
Suggested Positives 1. KTD is only 131 days old since listing 2, KTD SP has gone to over 400% since IPO - (why? no idea - probably a pump-dump.) 3. KTD still sits, fairly steadily @ over 100% IPO - (why?, no idea). 4. KTD has solid management - including China experience 5. KTD has China authorities to sell product in China 6. KTD already has established China outlets - albeit not all in the name of KTD 7. KTD is developing products to suit niche markets - not competing with existing players in established markets.
...etc.
add your own here ___________________________
Notes to self.
This is big-boy stuff - if mentally/emotionally not up to it - get out now and put remaining dosh under mattress.
This ain't worth having a nervous breakdown over - if you're 'investing' on the ASX to save your financial butt and can't afford to lose or wait for a result this maybe isn't a good place for you.
Do not invest what you can't afford to lose. And expect to lose it - anything else is a bonus, not a right.
Re: KTD. Find any other stock on ASX to invest in with a guaranteed result.
Do your OWN research before making any buying/selling action and do not let anyone influence any buying or selling action. Be patient. SP NEVER does what you want it to do in the time-frame you want it to happen i.e. today Always give yourself a 'float' so you don't HAVE to sell for cash-flow.
Remember - you don't LOSE until you sell at a loss - and you don't GAIN until you actually sell for a gain.
Make sure you don't forget to sell.
When's the best time to sell?
If you ever find out the answer to that question - let me know.
Have fun.
KTD Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held