any1 else yawning? can any1 else please post something USEFUL?

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mickeebee

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09/03/16

15:06

Post #: 17228853
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Originally posted by samjp2 ↑

you keep coming back for more lessons. I like a studious audience.

Fear and Greed drive markets. Nothing else.

The reasons you should buy stocks based on fundamentals is so you have the best chance of buying quality. Quality should hold up better than a badly managed or weak balance sheet company. As an example look at STO price action over the last 5 years compared to WPL. WPL had fantastic discipline in not over leveraging during cheap credit markets. As oil dumped, WPL outperformed almost all other energy stocks. STO showed no discipline and leveraged to the hilt with 'cheap' debt during the 2010~2012 oil boom. The market rewarded quality (WPL) , and punished weak balance sheet (STO). It does not mean you are protected from fear when markets become fearful, but you should hold up better than others.

The reverse is also true. A weak stock that has been overly punisihed due to Fear, will likely rally harder than a well run company during Greed times. So, looking at STO & WOR over the last month, they have both outperformed the 'better' companies - due to perhaps being (more) over sold. Once that rally brings them back in line with their sturdier couterparts, the risk of holding them returns, and risk/reward profiles suggest a move into the 'better' companies is warranted. Hence, we are seeing that now.

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any1 else yawning? can any1 else please post something USEFUL?

WOR Price at posting: $5.45 Sentiment: Buy Disclosure: Held
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Add WOR (ASX) to my watchlist

(20min delay)
Last $13.87		Change 0.120(0.87%)		Mkt cap ! $7.649B

Open	High	Low	Value	Volume
$13.75	$13.87	$13.62	$16.71M	1.213M

Buyers (Bids)

No.	Vol.	Price($)
2	8268	$13.86

Sellers (Offers)

Price($)	Vol.	No.
$13.87	4066	2

View Market Depth

No.	Vol.	Price($)
1	1000	14.100
2	20978	14.070
2	25834	14.060
2	12129	14.050
1	5741	14.040

Price($)	Vol.	No.
14.110	5741	1
14.120	27754	3
14.130	48372	6
14.140	17763	2
14.150	3229	1

Last trade - 16.10pm 29/11/2024 (20 minute delay)

WOR (ASX) Chart

any1 else yawning? can any1 else please post something USEFUL?

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Buyers (Bids)

Sellers (Offers)