Archive through 04 September, 2003

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spider

Member

Post Number: 955
Registered: 10-2002

Rating: N/A
Votes: 0


Tuesday, September 02, 2003 - 03:08 pm:

OK s_t,
let's assume that you would like to keep the NAB's, as they have essentially 'cost' you zip.

How to make them work harder?

Go back to what williamat said......... write options over the shares. Assuming you have enough of them (you need about 1000 to write one contract, 2000 for two contracts etc).
These are called 'covered calls'.

This will bring in income each month.

You will need to do a little reading to learn the techniques for protecting your shares. Louise Bedford has an excellent book written in this very subject.

I strongly urge you to look into this as it 'sounds like' a way of solving your problem, turning it into an opportunity.

Good luck dude.

spider.

.

....it is our will that allows us to achieve our goals, not our intellect. Talent is not enough. Luck is not enough. Only the will to suffer hard work and incredible persistence leads to the attainment of the impossible. There are no shortcuts; there is no easy way. Especially, as you will find out, in the stock market.
Richard Smitten.

peterloh

Member

Post Number: 209
Registered: 03-2003

Rating: N/A
Votes: 0


Tuesday, September 02, 2003 - 04:11 pm:

Hi Starb'd

As you are trading for a living, have you consider that you should treat all shares like commodities.There should not be any bottom drawer. All the shares should be regularly review. Although you may think you may not need the money, you may miss out on opportunity cost ie the cost of not being able to enter into a trade because of insufficient capital.

Where an investment is held over a year only 50% of the capital gain is added to your personal income for tax purposes.You can choose a year when your income is low to sell out or you can liquidate at the top of the market for NAB or if you have sentimental value you may ride it like a roller coaster and like what spider said write options on it.

My wife had some AMP shares alloted to her when AMP demutualised. I did not like the look of it in the beginning of the year so I had to persuade her to sell it. Anyway she hasn't loss it all together because she bought twice as much a couple of weeks ago.

Cheers

Peter

-------------------------------------------------
Disclaimer: Please note that comments made in this column is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.Please consult your stock broker or financial adviser in regard to your personal situation.

peterloh

Member

Post Number: 210
Registered: 03-2003

Rating: N/A
Votes: 0


Tuesday, September 02, 2003 - 04:50 pm:

Ahoy Captain

KRS has been trading in a range of 50c to 57c in the last month or so.I wrote a post about the hugh volume on the 11th of august and the share was 54c. I bought a small amount because of volume and the trend.I subsequently found that Hunter Hall has reduced its holding and Verita has become a substantial share holder.The chart has not reviewed any thing other than a higher high and a higher low.The weekly MACD is still positive and the daily MACD is turning around from negative.RSI is around 55 and direction downwards.The 8 and 15 day EMA is still positive.
The company is still having a share buy back programme which will provide support to the share price.

SGW is still in an upward trend in both the weekly and daily chart.The 8 day EMA seems to be just crossing the 15 day EMA in the daily chart.I am bullish on this share because of the rising gold price and the increase in demand for tantalum.

As a long term investor I am afraid my experience is lacking when compare to yours in making the fast money.Even the open market this morning did not show the day's trading as there were a lot of sellers at the 55c and 56c mark for KRS.

Cheers

Peterloh

captain_chaza

Member

Post Number: 405
Registered: 02-2003

Rating: N/A
Votes: 0


Tuesday, September 02, 2003 - 06:22 pm:

Ahoy crew

Well, we certainly did not want the wind coming from that direction!

Probably just a matter of sour grapes from a few local landlubbers spitting their dummies over the lack lustre performance of their banks and the realization they got conned with a 2-3% dividend and locked into a capital loss of 11% and more importantly missed out on at least another 10%-20%
of great fun

Let's hope the Captain's right tonite and we can continue on our merry voyage NE @our average speed of 3% a week?
Captain Chaza
capn

PS Great crew
It is always hard living onboard a ship in such small and constricting confines for any period of time
It gets harder the faster the ship goes as the calibre of each crew member is tested to the fullest
The hardest however is to sail with women onboard

We indeed are so very lucky to be sailing with great mariners of the calibre of able-seaman and ample cook Julie, Senior sea-cadet Grannie and have our own cheer leader back in the fleet on the safety of the All Ords Sea-Scout SusieQ screaming, dancing and barracking louder than Midge

PPS3 ahoy seaman S'Tack
Yes you are right
This is not the forum for such trivial things like tax
The Great Ship "Incredulous" is designed for speed safety and comfort for the crew
If you want good advice on trivial matters never ask a sailor
A taxi driver always knows everything
(except where you need to go)

justice

Member

Post Number: 132
Registered: 01-2003

Rating: N/A
Votes: 0


Tuesday, September 02, 2003 - 09:07 pm:

s_t,

That you are a gracious and tactfully diplomatic skipper is abundantly clear. I but knowingly spoke out of turn - nonetheless. It shall not reoccur I fear.

Fair winds!
Ice.

grannie

Member

Post Number: 13
Registered: 08-2003

Rating: N/A
Votes: 0


Tuesday, September 02, 2003 - 09:55 pm:

Crikey Captain!
That sail VRE nearly got torn.
Is that what you meant
by the 2 o'clock storm?

gasping.... grannie

captain_chaza

Member

Post Number: 406
Registered: 02-2003

Rating: N/A
Votes: 0


Tuesday, September 02, 2003 - 10:39 pm:

Ahoy Senior Sea-Cadet Grannie
No!
It is not exactly what I meant or planned for
But all the support lines have held up

I think you should just go down below while the Captain and his Officers sort this one out

What do you think of my latest poem?

You are a lady
I am a man

You are romantic
I am a fool

Nothing ventured
Nothing gained

Tell her I love her
Tell her I love the sea

Captain Chaza
capn

alsoran

Member

Post Number: 75
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, September 03, 2003 - 12:03 am:

Grannie,

looking at the VRE chart, it comes as no surprise that profit-taking was signaled with Monday's test of the upper channel.

cheers,
A.

VRE daily

captain_chaza

Member

Post Number: 407
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, September 03, 2003 - 12:40 am:

Ahoy sea-cadet Alsoran "after the fact"

Please try out your charts on the GEL
Be true and use all the same rules
OR
Do you change the chart to suit the "after the fact" outcomes?
Captain Chaza
capn

I look forward to surveying the 2 charts in vertical orientation
I think we will all learn a thing or two

captain_chaza

Member

Post Number: 408
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, September 03, 2003 - 01:33 am:

Ahoy Sea-cadet Alsoran
Please don't get me wrong
I think your charts are of the highest quality
But what you may be able to demonstrate is the sea change when a N-E course changes to a N N-E course
Captain Chaza
capn

PS Master's Mate Spids
Please Note the parrallel trend lines on semi-log paper
Great work!

(Message edited by captain_chaza on September 03, 2003)

alsoran

Member

Post Number: 77
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, September 03, 2003 - 02:37 am:

chaza said: Ahoy sea-cadet Alsoran "after the fact"

yes chaza, I was commenting on the price action for the week that was ... and by inference, what to watch for going forward. Is that what you meant by "after the fact", or were you being more nefarious? And I'm no sea-cadet buddy

chaza said: Please try out your charts on the GEL
Be true and use all the same rules

My tradecraft and analysis techniques are always consistent... and thanks for your interest (lol)

I'm sure this will be borne out if you peruse my comments and charts on these recent threads:

ARL: http://forum.incrediblecharts.com/messages/8/126684.html
and later: http://forum.incrediblecharts.com/messages/8/137940.html

BTA: http://forum.incrediblecharts.com/messages/8/137776.html

ANP: http://forum.incrediblecharts.com/messages/8/133275.html

and AEX: http://forum.incrediblecharts.com/messages/8/135639.html

chaza said: Do you change the chart to suit the "after the fact" outcomes?

Charts are a historical (after the fact) record of price history... but you already know that. How comical of you.

In respect of VRE, although the basic structure of this trending impulse (regression channel and support trendline) has not been altered since June, of course the "goals" may need to be adjusted as the playing field changes. But you know that as well, right? So what are you going on about lad?

Anyway, for your comparison, here is my last buy at 0.03 posted 17-July ...

vre July

my update of last Friday...

vre

and how it looks Tuesday ...

Note: I didn't sell any today at .08, and still hold stock from .017 and .030
In most cases, I'd be on the ask at the upper channel with half my position (selling into any spike), closing out the balance of the long when the primary support trendline (and one assumes, the uptrend) fails. However in this instance, the whole position is running the trailing stop, given the lack of overhead resist in this chart.

In hindsight, it may be that selling half Monday would have yielded a better nett outcome, but the plan was to let it run, until it signals otherwise.... and as my mantra is Plan the trade, then trade the plan, what choice do I have, eh lad?

vre today

I'll take a look at GEL in my next post.

cheers
A.

alsoran

Member

Post Number: 78
Registered: 02-2003

Rating:
Votes: 4


Wednesday, September 03, 2003 - 03:38 am:

chaza said: But what you may be able to demonstrate is the sea change when a N-E course changes to a N N-E course

As mentioned previously, when a stock (in an established trend) thrusts/spikes the upper bound on volume, its a good opportunity to take some profits. However GEL is at best in the very early stages of an advance, to the extent that everything prior to 13/8 should be disregarded.

From this standpoint we have the beginnings of an upmove, and a clear baseline for those who have entered long prior to Tuesday. From here, we wait for this latest thrust to complete, then review and update our chart based on the price action that follows.

Depending on your trade time-frame, the setup indicates that if the previous high is not met tomorrow, price will retrace and consolidate above 2.5 in the coming days, as the pullback finds support and validates the present baseline (light green). This support trendline should be viewed as a trailing stop going forward, and a clear signal to exit the position should it be breached.

Of course, it could go ballistic, in which case the sky's the limit (and this daily view useless)

In any case, we now wait and see what develops.

cheers
A.

GEL daily

[edited my crap spelling]

(Message edited by alsoran on September 03, 2003)

alsoran

Member

Post Number: 80
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, September 03, 2003 - 05:33 am:

chaza said:
PS Master's Mate Spids
Please Note the parrallel trend lines on semi-log paper

OSH is a another good example of semi-log price, and the significance of trendlines and channelling over multiple timeframes. To illustrate this, take a look at these pics (long, medium & short-term views) posted mid-August:

1997-> http://forum.incrediblecharts.com/messages/8/135431.gif

2002-> http://forum.incrediblecharts.com/messages/8/135436.gif

May -> http://forum.incrediblecharts.com/messages/8/135435.gif

posted 17 August, 2003 - 13:21
"... real test of the long-term decline is yet to come, with serious resistance around the 1.00-1.03 range, viz: 1997-02 trendline resistance and the 50% retrace/pivot for the 2002 decline.

... and then today's update:
http://forum.incrediblecharts.com/messages/8/140383.gif
http://forum.incrediblecharts.com/messages/8/140324.html

Note how the principle support trendline/channel has not altered from last month's post ... which I expect puts your "after the fact" slur to rest.

From your earlier comment, I presume you are still charting in lineal mode, so am interested in your thoughts on the above charts.

cheers,
A.

(Message edited by alsoran on September 03, 2003)

captain_chaza

Member

Post Number: 409
Registered: 02-2003

Rating: N/A
Votes: 0