Archive through March 11, 2008
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     captain_chaza
Member
Username: captain_chaza
Post Number: 3042
Registered: 02-2003Rating: N/A
Votes: 0
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| | Sunday, March 02, 2008 - 06:44 pm: | 
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Sailing Against the All Ordinaries
This may shock a few Landlubbers but we all sail against the All Ords
Fund managers a asked to walk the plank if they cannot keep up
That is a fact of life at Sea on the ASX
Does this mean that the ASX is Representative of the Market as a whole ?
No it does'nt!
It is actually a very clumsy approach to viewing the seaworthiness of "The Market" as a whole
Sure She gets a flying start as she pays no dividends and "She pays no tax"
Would you like that?
Would you like Bank interest Tax Free
It would be nice but as we all know
that is only availble to academics and dreamers
It is clear from surveying all the Sectors/Classes of sail that some yachtsmen have set sail with very hazy notions of the global climate and ocean currents.
Often, they appear surprised and almost indignant that the weather behaved differently from their expectations, when it might be that their own expectations were at fault.
Perhaps the Trade Winds were expected to blow true without ceasing or the Westerlies to blow from the West. Perhaps the ocean currents were expected to move with the steadiness of an escalator.
Perhaps they should have studied each sector and do what was Captain Obvious
A seaman should no more blame the weather or ocean currents that move against his hopes, than he should blame a hull or mast that cracks. Had he studied the global climate more carefully, perhaps he would have been less surprised.
Had he believed that the XAO was not "The Market"
but a "Fools Average" life at sea on the ASX might have been a lot different
Seas and Ocean Currents are caused mainly by prevailing winds making it more fruitless than ever to attempt to sail against them.
That is True!
However All seas and ocean currents can also give valuable assistance but their rates are variable and depend on the wind strength and persistence originating thousands of kilometres away and sometimes even days ago.
The greatest challenge sailing the Against the All Ords is undoubtedly to race against "Each Class of sail"/Sector.
This is the most powerful naval cruise strategy of all on earth that can influences the global weather pattern like no other.
The performance of not only all craft on the ASX but all ships searching for these treasures on the ASX are affected.
Even those that are not in the search suffer because funding does have to come from somewhere
Merchants, money lenders, circus owners, transport bosses, drug barons, floating casinos owners and even our hi- tech school kids stand to attention on my every word in order to get a good
When venturing on the ASX one will inevitably be confronted with a fierce battle against those supremely fit sportsman across the Atlantic on the London Metals Exchange.
Sailing for their country and representing the only remnant of the once Great British Naval Empire they are feared and respected for their ruthless short selling and covering tactics and renown for taking no prisoners.
As so many of our ships under sail on the ASX are searching for the same rich hidden resource treasures it is well worth the effort performing many naval exercises and practice drills against this enemy.
While those very professional skippers on both sides of the Atlantic take a well- earned rest and a little sleep we must then share the thrill of sailing the Global Exchange against the most experienced seamen on earth and in daylight hours.
Integral members of the sleepless Global Exchange these formidable skippers of the Nikkei and the Hang Seng have shown many times the impact their expertise and numbers can have on the overall global climatic weather condition.
If this seems already a daunting task we must then do battle against our own on the picturesque Sydney harbour and fight for survival against the completely professional bookmakers and gamblers betting and hedging their bets and price fixing on the magnificent Sydney Futures Exchange.
Sailing against all these world’s best is truly exciting and gives the skipper and his crew invaluable insight into the mysteries surrounding the members of the Global Exchange
More importantly, it gives the necessary confidence in each other and in the art of technical sailing in preparation for any great challenge they may face in the future.
Can anybody produce a chart comparing the XAO,
against
Materials/ Energy and Banks /Financials
Did you get it right?
or
Do you believe the All Ords Fits All as a measure of Seaworthiness?
Do you believe "All" are Unseaworthy whilst the decks on the Great XAO are being POOPED?
Surely History has taught you that
This is Not True?
Where do these Landlubbing Dunderheads Palookas and Drongos get such ideas?
Salute and Gods speed
(Message edited by Captain_Chaza on March 02, 2008)
(Message edited by Captain_Chaza on March 02, 2008)
(Message edited by Captain_Chaza on March 02, 2008)
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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tryhay
Member
Username: tryhay
Post Number: 947
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Sunday, March 02, 2008 - 07:15 pm: |
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Capt ~ I think the current terminology is still "Postmodernism": anything goes in the vernacular.
Even those sailing in the Sydney to Hobart can get it wrong and need rescue or worse have injury/mortality. Thank goodness if we get it wrong then only our bank account can suffer......
I'm not sure it is worth using an overly positivist approach to share trading (charting to the 'n'th degree) but if it feels right (and the plan one has adopted is working) then each to his own ....
This joke (link posted below) shows how I view current market action ~ particularly in USA but also here - we are sailing against the suits (I think you call them 'Landlubbing Dunderheads Palookas and Drongos etc.) who do not seem to have any control of market direction ATM
http://forum.incrediblecharts.com/userscripts/forums/show.plx?tpc=294699&post=13 1920
Trusting you enjoy the voyage ~ where ever the market leads.
INCREDIBLE OFFER - only $12 USD per month
30 day FREE trial -
Download Here
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Happy trading DYOR
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sway
Member
Username: sway
Post Number: 184
Registered: 12-2005
Rating: N/A
Votes: 0
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| | Monday, March 03, 2008 - 10:45 am: |
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Captain
I know you don't like backpatting, but thanks for your last few long posts. They were very insightful.
Sway
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captain_chaza
Member
Username: captain_chaza
Post Number: 3050
Registered: 02-2003Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 06:21 pm: |
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Ody posted this statement on another thread
"Suppose that on 17 January, when the market looked bad enough, I had indeed bought myself 1000 shares in each of the top (i.e. biggest) 30 companies. I would have spent $824,100. Just a short time ago, this "portfolio" was actually (just) in the black. Viewed today, at the time of writing, it has lost $64,090.
Admittedly, the portfolio is not one holding, at the start, equal AMOUNTS in each stock. In effect, the stocks that cost the most (such as RIO and CSL) are badly "overweight". But those are not necessarily bad companies, either - and lo and behold the result. I shudder at the thought of having made such a purchase. And yet on 17 January the market was SUBSTANTIALLY lower than on 14 December, the day that a number of us went out at practically the same time - the last of the "good" days, as it turns out."
I ask you all here again
What is he trying to say?
Does this man actually think anybody would have done such a thing in those times?
Correct me if I am wrong Ody but do you know of any monkey that would have done such a silly thing?
I can only assume you are making up excuses
"ONLY A MOTHER WOULD BELIEVE"
for not setting sail on the ASX Magnificent Seven in those times
If you had have judged the seaworthiness on all those 30 Heavyweights you talk about in your example you may have done a lot better
HEAPS BETTER!
Maybe you should start Sailing against the XAO and not with it
I hate to say it but
I have had a brilliant month while you have been setting up Excuse after Excuse!!!
I hope you don't consider this ABUSE but take it as CONSTRUCTIVE CRITISM of a Man I feel is
"Lost at Sea"
Salute and Gods' speed
PS
I think a monkey could have picked out
"The Magnificent Seven"
in those days in lieu of blindly hoisting the 30 heaviest weighted sails available on the ASX to justify an ill/sick excuse for excellence in ship design
I repeat this post as an All-Out Sea-Training Practice-Drill for any Seaman in search of Excellence
Which 7 would you have bought into being in this elite Heavyweight class
ie:"The Magnificent 7" at that time
Salute and Gods' speed
PS: We only learn the Hard Way
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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philr
Member
Username: philr
Post Number: 369
Registered: 04-2004Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 06:42 pm: |
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CC
I think Ody was only trying to point out what would have happened if he had bought those stocks on that day.
I for one was quite interested to see what the loss would have been just for interest sake.
I think it clearly demonstrates which way the market is trending.
I cannot see how you can say Ody is "lost at sea" he was merely pointing out what would have been.
He can either join in and short this bear market or stay out all together and comment on it. There is nothing compelling him to invest.
Phil
** Let blockheads read what blockheads wrote.
Warren Buffett
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captain_chaza
Member
Username: captain_chaza
Post Number: 3051
Registered: 02-2003Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 06:56 pm: |
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Ahoy Phll with an r
All I was trying to say is that
"That tack was only for Donkeys and Drongos"
It teaches you nothing!
I have witnessed your blind faith and wrath against me in the past
All I can suggest for you is
"DO THE SAME !" as you have always done!
PS:
Is it well above your heads to study where the Magnificent 7 were heading at that time?
(Message edited by Captain_Chaza on March 04, 2008)
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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philr
Member
Username: philr
Post Number: 370
Registered: 04-2004Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 07:09 pm: |
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Captain chazza
I do not have any blind faith or wrath against you or anyone else.
In fact if you read my posts to Hilarius in the religious section then you will clearly see I am totally opposed to blind faith.
I just dislike the way you try to bully others into your way of thinking.
Phil
** Let blockheads read what blockheads wrote.
Warren Buffett
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captain_chaza
Member
Username: captain_chaza
Post Number: 3052
Registered: 02-2003Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 07:27 pm: |
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You just don't get it!
Do ya? Philr
I have never Bullied anyone!
Please come back to me with your version of
"The Magnificent 7" in those days
Or Get Lost!
and go back to the thread of shwash-buckling word-smiths with all their back-slapping
We only learn the Hard Way!
(Message edited by Captain_Chaza on March 04, 2008)
(Message edited by Captain_Chaza on March 04, 2008)
(Message edited by Captain_Chaza on March 04, 2008)
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 3122
Registered: 09-2002Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 07:45 pm: |
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CC,
I agree with Philr. Please refrain from sledging the other posters.
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philr
Member
Username: philr
Post Number: 371
Registered: 04-2004Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 07:59 pm: |
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CC
What are you actually after. Please speak in plain English without all this sea stuff.
Do you want me to pick seven stocks?
Phil
** Let blockheads read what blockheads wrote.
Warren Buffett
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captain_chaza
Member
Username: captain_chaza
Post Number: 3053
Registered: 02-2003Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 08:23 pm: |
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Ahoy Admiral Col'n
I just happened to notice an absolutely absurd statement that Ody had made on another thread and acted accordingly and disagreed
Since when was that a crime?
If all you require in this forum is smoke and mirrors by words then Ody's measurement of success over the last month IMHO is not validated in any way
I would have thought by all informed observers it to be a False and Most Improbable case not even a monkey would have contemplated at that time
Crikey! He actually said so much himself and described it as such without the monkey
I merely asked
"What was the point?"
"What was the Point?"
Salute and Gods' speed
(Message edited by Captain_Chaza on March 04, 2008)
(Message edited by Captain_Chaza on March 04, 2008)
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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captain_chaza
Member
Username: captain_chaza
Post Number: 3054
Registered: 02-2003Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 08:38 pm: |
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Ahoy Philr
I am not asking you to do anything after what you said of me on another thread
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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peter1
Member
Username: peter1
Post Number: 222
Registered: 12-2005Rating: N/A
Votes: 0
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| | Tuesday, March 04, 2008 - 09:19 pm: |
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I enjoyed your opening post Capt. Chaza. The XAO is | | |
