Originally posted by RickM
I would say most stocks on the ASX are overvalued.
I just trade CBA to death where I trade 123's, weekly lows, engulfing candles etc and collect some div's along the way.
To be honest, its too hard to trade both seriously at the same time because you have to thing differently all the time.
I quit trading small cap because we just get taken to the cleaners by dishonest directors and their sales bullshit.
Look what happen to BIG / AHZ / ADO / where do I stop
I disagree. I trade both FX and stocks, but again, I do value investing for the long-term and my FX strategy doesn't require me to trade as often as you. I don't understand how people trade equities using TA only.. especially in AUS & NZ - our markets don't have the liquidity. I traded US stocks for a while a few years back and that was much easier to day trade using TA only.
There's always undervalued stocks - you just have to know how to search for them
And I steer clear of mining stocks.
I use fundamentals to pick a good buy then sometimes use TA for my entry and hold anywhere from 6 months to 5 years. Last big run I got was A2M - over 400% gain in just under 3 years.
IMO equities are almost too easy. All the fundamentals are there: financials, product info, strategy, management team (and their background), lawsuits, competitors, industry regulations, new offices, patents, new senior team appointments, senior staff salaries, shareholder info, assets, liabilities, hell, you can even see where their spending their money.
Looking at the audit sheets will give you the real deal, rather than listening to Directors. Directors love to tell you about their 25% increase in revenue but hide the fact that net profit was the worst it's ever been..
But alas, this forum is for FX so I'll stop my rant here. Hope everyone caught these bullish drives on EU, GU and AU ! $$$$$$
