Australia's largest stock trading and investment forum Australia's #1 stock forum

NEA

Click for more information

0.24%

$2.08 nearmap ltd

I like your philosophy and have started to adopt it myself with...

First 131 Last

Share
Profile

Follow
insected

32 Posts.

1

02/03/19

11:15

Post #: 37629437
Share

Originally posted by Stage-2-Uptrend: ↑

Buying high and selling much higher is where the big money is to be made. I like to buy stocks trading at new 6 or 12 month highs. Note that NEA today traded at a new 12 month high [1].

Buying into stocks trading at new 6 month and 12 month lows is fraught with danger that will ultimately lead to a trading account blowing up. This is especially true when buying into weak stocks with leverage. When a stock is trading at an unusually low price, this is because almost nobody wants to own it. The new 52-week low list is the junk pile.

Conversely, winners buy high and sell much higher. They chase stocks that almost everyone would like to own.

Portfolio: AX1, ALU, AWC, BPT, BVS, JIN, NEA, NHC, NST, RRL, RMD, WSA.

1. http://clients.weblink.com.au/clients/equitiesinfo/

Expand

I like your philosophy and have started to adopt it myself with a portion of my portfolio. You're also holding a couple of stocks that I feel will play out nicely inside of this theory (JIN and RMD). I'm really enjoying reading this book https://goo.gl/Qr3vYo

NEA Price at posting: $2.50 Sentiment: Buy Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

C1X

iTech inks deal with Chilean lithium giant to progress Reynolds Range

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

CMB

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

PCL

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

CAF

IP anomaly thrills Cannidah with project extension hopes in QLD

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

There are more pages in this discussion • 37 more messages in this thread...

First 131 Last

Add NEA (ASX) to my watchlist