Stockman blogs
what seems high will go higher..........the follow up
stockmanmy
Publish date: Wed, 17 May 2017, 01:25 AM
stockmanmy
0 76
Trade at your own risk. I am here only to vomit out my feelings
There is this William O Neil maxim which I have been following these few months , and rather successfully.
It says:
What seems high will go higher, what seems low will go lower.
I think the last few months have been the best of times to practise this above maxim.
First, about applications.
What seems high will go higher, the key word is "seems".....
seems to be this and that means appears at first sight to be this and that. On closer examination, there is a reality behind the appearance. Your job is to dig out reality from the appearance, be brave , decisive , have an opinion and go with your findings.. Do not be stopped by appearances or what seems so.
The above maxim has guided me to successfully chase new high shares and avoided value traps so favored by value investors. It has make me a lot of money and saved me from a lot of dead ducks and time wasters.
Now, the follow up
But, as with all investment advices, dictims and maxims, there are times best suited to it, and times less suited to it. The time has come to modify the investment strategy. I write this post with great reluctance as I do not want to be seem as nervous , or bearish, or wishy washy and mainly also because I could be wrong. I write this post because since I started the first chapter, I should write the next chapter. ..
Realising all investment advices, all investment strategies has a best time to do it, and a less suitable time to do it....It is my opinion we need a less daring approach now.
In recent days, we have seen some speculative leaders such as Iwcity, Dnex loosing grip.......this suggest more and more leaders will begin losing their grip in coming days. I just want to caution you.......and that includes leaders in tech sector too which have run up far beyond any possible justification. If you say sell some of your leaders and winning stocks, I think nobody can fault you.
what to do with the cash if you decide to sell some shares? I wrote here several times since late last year, that for the first time, for 2017 I will remain fully invested . That for me to buy any shares, I will have to sell some shares first because the fund is already fully invested. This strategy has worked very well for me these few months because it keeps me pruning the portfolio, always keep it fresh and ready to go, deploying money which yields immediate returns instead of wasting time. I have used this strategy to sell shares which I think will not move and putting the money into shares which will immediately move.
As of now, I do not intend to go into cash. That time has not come yet. I still intend to remain fully invested in 2017 . What I intend to do is a modification. This time, I will not sell ny share until I have found a replacement. And my replacement will not need to be a new high share moving very fast. My replacement will be a bit more conservative, I will give it more time to leisurely perform changing from a 100 meter dash into a middle distance race.
The maxim...what seems lows will go lower ...seems to still apply. Look at BJToto, another new low today. Plenty of oil and gas stocks still following this dictum. I will be guided by this maxim that .....what seems lows will go lower, still applies but I will look at shares in consolidations ....shares in consolidation mode looks like a suitable ground for hunting for me as I enter the middle distance races.
My new strategy.....I will still remain 100% invested but with a slight twist. I will replace some of the fast runners into middle distance runners.
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4 people like this. Showing 50 of 136 comments
Posted by stockmanmy > May 17, 2017 02:24 PM | Report Abuse
The 3 musketeers cannot be disturbed? must lick their balls?
Where got....
I c u freely disturb them everyday n they also freely attack u everyday...got freedom in I3 one...except u cant post yr comment in Koon threads...
2017-05-17 14:27
what you think I have doing....I will continue to write what I think.
myongcc5 > May 17, 2017 02:26 PM | Report Abuse
U r Barbarian, nothing more.
Do what u like!!!
2017-05-17 14:27
you must mean I must lick the balls of kc and icon even if I have other opinions?
myongcc5 > May 17, 2017 02:27 PM | Report Abuse
Civilised man will not keep disturbing other everywhere.
2017-05-17 14:29
wei...stockmanmy is an addictive drug which we can easily get us hooked into a loop of stupid useless conversation....i request all the great sifus like KC, Icon, OTB etc...though it may be entertaining and rewarding in a different sense....to kindly ignore this Hyena (scavenger) for a few months at least so that.....its hormones level can come down...and i3 will be useful and easier to extract useful informations.
Thank you.
Like what someone said.. this guy is a bandwidth hog.
2017-05-17 14:31
you go look at kc's recent blogs .
they all have my name in their titles. Who is disturbing who?
probability > May 17, 2017 02:31 PM | Report Abuse
wei...stockmanmy is an addictive drug
2017-05-17 14:33
the truth is...my trading skills have improved as I improve my arguments against kc.
probability > May 17, 2017 02:31 PM | Report Abuse
wei...stockmanmy is an addictive drug which we can ea
2017-05-17 14:36
better still....stop all your nonsense here....myong
I just want to find one with the intellect to debate about the stock market......and everybody just wants to talk about me.
2017-05-17 14:44
icon or kc loh,you are no better than stockman or calvin.pot calling a kettle black.integrity,conscience,heart masuk longkang adalah.
what make you think you are right and stockman is wrong?none.
2017-05-17 14:45
AirAsia seems high but still cheap when it is going to announce special dividend on top of current 12 cent div.
2017-05-17 14:48
whole bunch of idiots.
Still don't know why they want to go personal and attack me so much....when it is actually a very good article and very timely too.
2017-05-17 14:56
anybody who asks gently I will explain what I can.
but no.....icon and others like beary, cheoky, fortune, probability....they want to go personal.
You think this is your grandfather place with monopoly rights?
2017-05-17 15:04
That's public forum lor...
Anyway , I prefet your abive article than all other previously lo.
2017-05-17 15:04
On 30 April, somebody posted some wrong analysis on AeonCr in AeonCr forum .....I patiently pointed out where they gone wrong. , and why AeonCr is exceptionally good.
That is the way it is.....if people do some homework, there can be more meaningful discussions.
2017-05-17 15:17
don't pretend to be innocent
it is good you point out other people's mistakes. But please be consistent. For example : If high gearing is bad, applies it across the board to all stocks. Don't selectively apply it on other people's stock while sparing your own (or your Master's stocks).
Don't practise double standards. Be truthful and honest. Otherwise, it is clear that your comments are politically motivated and your objective is to attack and sabotage.
2017-05-17 16:04
that is why many people said your character is flawed and you are a crook
because none of the thing you said can be trusted
2017-05-17 16:05
if a stock is not bad, don't attack it just because you have a quarrel with a particular person. Be objective. Otherwise, we will all end up attacking each other
it is exactly because of nonsense people like you that this forum is full of conflicts
2017-05-17 16:07
your heart is filled with venom, anger and jealousy. So everything that came out from your keyboard carries lies and distortion
you polluted this forum
2017-05-17 16:11
I have never seen a person as despicable as you
you are exactly the kind of person that will sell out your fellow country men when the Japanese comes
2017-05-17 16:12
that is my valuable comments for your nicely written article
please chew on it why we all love you so much
2017-05-17 16:13
spot on.
Posted by Icon8888 > May 17, 2017 04:12 PM | Report Abuse
I have never seen a person as despicable as you
you are exactly the kind of person that will sell out your fellow country men when the Japanese comes
2017-05-17 16:13
Icon, jangan marah-marah. If you allow me to add your age and stockman's age, I think easily both of your umur > 150 years. Still want to gaduh kah?
2017-05-17 16:15
abang_misai, please stay out of this. We are adults, we know what we are doing.
2017-05-17 16:17
Posted by Icon8888 > May 17, 2017 04:04 PM | Report Abuse
don't pretend to be innocent
it is good you point out other people's mistakes. But please be consistent. For example : If high gearing is bad, applies it across the board to all stocks. Don't selectively apply it on other people's stock while sparing your own (or your Master's stocks).
Don't practise double standards.
Be truthful and honest.
------------
icon,are you truthful and honest?look at mirror pls.
2017-05-17 16:17
my quarrel is with stockmanmy, I have no interest entertaining a clown trying to be hero
2017-05-17 16:19
Posted by Icon8888 > May 17, 2017 04:05 PM | Report Abuse
that is why many people said your character is flawed and you are a crook
because none of the thing you said can be trusted
------------
which thing you said can be trusted?more than 100k donated in few months?
give you chance to shut up critics and you chicken.
2017-05-17 16:19
Posted by Icon8888 > May 17, 2017 04:09 PM | Report Abuse
you call it personal attack, I call it speaking up against bad behaviour
-------
I call it speaking up against icon bad behavior too.
2017-05-17 16:21
antz,
you don't deserve my 100k, not even 1 sen
once you have better clarity in your mind, come back and beg for my forgiveness
2017-05-17 16:22
Posted by Icon8888 > May 17, 2017 04:11 PM | Report Abuse
your heart is filled with venom, anger and jealousy.
So everything that came out from your keyboard carries lies and distortion
you polluted this forum
-------
applied to you too.give you chance and you chicken again.
2017-05-17 16:22
enough said today. I will leave my comments here for stockmoanmy to feed on. I am sure he will enjoy his dinner
2017-05-17 16:24
Posted by Icon8888 > May 17, 2017 04:12 PM | Report Abuse
I have never seen a person as despicable as you
you are exactly the kind of person that will sell out your fellow country men when the Japanese comes
----------
hide under multiple id.icon exactly the kind of person that will lie out public.
2017-05-17 16:25
Posted by Icon8888 > May 17, 2017 04:13 PM | Report Abuse
that is my valuable comments for your nicely written article
please chew on it why we all love you so much
--------
pls chew on my comments why your lie uncovered one by one now.
2017-05-17 16:27
Posted by Icon8888 > May 17, 2017 04:22 PM | Report Abuse
antz,you don't deserve my 100k, not even 1 sen
once you have better clarity in your mind, come back and beg for my forgiveness
---------
pls call and check who run sunbeams home.
icon lied again.
2017-05-17 16:28
Posted by Icon8888 > May 17, 2017 04:24 PM | Report Abuse
enough said today. I will leave my comments here for stockmoanmy to feed on. I am sure he will enjoy his dinner
---------
enough said today.stockman sure enjoy icon lie and characters are exposed.
chew ya,kc loh.
2017-05-17 16:30
Posted by Icon8888 > May 17, 2017 04:32 PM | Report Abuse
LOL now we know.... this stockmoanmy has all his while been anbz2
---------
really?icon lied again.
going to new zealand less than 100k(1% or less of your self proclaimed portfolio),pls make sure post photos with kc in new zealand.
2017-05-17 16:37
I refuse to even read what icon have to say.
disgusting chap, this icon,
2017-05-17 16:41
otb
Why are you such a bundle of nerves?
I am not a remisier ,not a fnancial advisor , and I am not out to grab KYY account from you.
Can you relax a bit? Don't be such an emotional mess as if all the momentum trading is not bad enough.
2017-05-18 11:09
whether Air Asia seems high or not I really don't know...but lots of value investors says it is not high.
in that sense Air Asia does not fulfill my X factor investment.
d by Blacksails > May 17, 2017 02:48 PM | Report Abuse
AirAsia seems high but still cheap when it is going to announce special dividend on top of current 12 cent div.
2017-05-18 11:16
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2017-05-23 21:29
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stockmanmy
FU icon
This forum don't belong to you 3 musketeers just because you are here earlier.
2017-05-17 14:26