Time for a healthy pullback, page-90

First 90 Last

Share
Profile

Follow
timmmah

15 Posts.

1

03/12/18

12:00

Post #: 36728240
Share

Originally posted by Capital Raising: ↑

That's the whole idea of a chart you are tracking the sentiment to work out which way the share price is tracking. Doesn't matter what the external factors are contributing to the move up or down. You are just charting whether the bulls or bears are in charge and going with them. For example during the financial crisis, if you were charting you were just out of the market altogether for at least a good year. Didn't matter what the company was doing individually or what was causing the downturn because the bears were in control and every chart was pointing down. It was about looking for a bottom when sentiment changed and re-entering. I find it more useful than fundamentals in the short term but that's just me. From a long term perspective I would just buy this and hold. But there is more profit for me If I can exit my entire holding at $1.73 and re-enter at $1.25 and by 27% more shares 6 weeks later. I will do this continously with this holding, I will get it right generally 4 times out of 5. With my back testing over a ten year period I usually accumulate 4 times my share holding just by trading my initial purchase. That's 4 times the number of shares not taking into account any growth in the share price.

Expand

hi CR,

just out of interest, do you have a price target (you mentioned the previous high of $1.94 in an earlier post) when you will sell or are you constantly checking the chart to see if there is any new info that might give you a sell signal ?

genuinely curious

NEA Price at posting: $1.69 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

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

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

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

HotCopper Highlights: Your most watched stocks for Week 47, 2024

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

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

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

WC8

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

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

There are more pages in this discussion • 77 more messages in this thread...

First 90 Last

Add NEA (ASX) to my watchlist

Time for a healthy pullback, page-90

Top Stories

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

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

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

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

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

Scientific conference spotlights PYC's work on blindness disease treatment