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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (8839)9/23/2024 6:13:51 PM
From: Sun Tzu  Respond to of 10762
 
Friday and this morning, I sold 99.9% of my positions in these stocks.
Some of the look bad, but most of them just look like they could become very bad if something is amiss.
Most of them had racked up ~20% gains, so I didn't feel too bad about closing the position. One or two were net losses, and I never feel bad about closing those...just feel bad to not have done it sooner.

Today was a relatively bad day. I lost almost 0.9%. Considering that these had racked up double digit profits, that may not seem so bad, but as the Frengi say, once you have their money, you never give it back.

Still, 3 positions accounted for all my losses today and I am keeping all 3 because the charts still look good. Soon I will have to decide if I should double down on them or cut them loose.

If only I had a crystal ball! I wouldn't even have to see too far. I'd be satisfied with just one day of advanced notice.

PS I kept a token position so I can get back in if I was wrong and shouldn't have sold them. I've lost more money by not getting back in when I should have than holding on to a losing stock.
.




To: Sun Tzu who wrote (8839)9/26/2024 11:22:23 AM
From: Sun Tzu2 Recommendations

Recommended By
sixty2nds
y2kate

  Read Replies (1) | Respond to of 10762
 
As I was saying...

if the management feels greasy, stay away. This was (and still is) my number one issue with SMCI. I will not be surprised one bit if over the next 6 months they sink due to "poor financial controls and reporting" and be forced to reinstate their results.


Super Micro falls after report says US DOJ probing server maker
Sep 26, 202415:11 UTC
SMCI-11.78%
** Shares of AI server maker Super Micro Computer SMCI fall 11.8% to $400.14 in morning trading

** SMCI is being probed by the U.S. Justice Department following a critical report by an activist investor short-selling firm, the Wall Street Journal reports, citing people familiar with the matter

** Short-seller Hindenburg Research last month disclosed a short position in SMCI and alleged "account manipulation" at the company

** SMCI had denied the claims made by Hindenburg Research in the report and said it contained "false or inaccurate statements" about the server maker

** SMCI and DOJ did not immediately respond to Reuters requests for comment

** Up to last close, SMCI stock up ~61% YTD



To: Sun Tzu who wrote (8839)10/4/2024 11:57:05 AM
From: Sun Tzu  Respond to of 10762
 
Here is ZIM. See how dangerous it can be to not listen to the "Toppy" signals?
It's not perfect. It is only right 2 out of 3 times. But in the stock market where half the people always lose, 2 out of 3 isn't bad.
Also, TA is not the be all and end all. FA and macro matter too.
Plus, and importantly, every order should be accompanied with a reversal trade. So your longs should have a stoploss and your sells should be accompanied with a conditional buy (there is such a thing as a stop-buy').

The mere act of including a reversal trade forces you to think of other possibilities and acknowledge that in the market, anything is possible.

.



To: Sun Tzu who wrote (8839)10/9/2024 8:23:20 PM
From: Sun Tzu1 Recommendation

Recommended By
toccodolce

  Read Replies (2) | Respond to of 10762
 
Continuing my 101 trading technics serries, here's my chart on Micron MU.
It spans 3 semiconductor cycles.
Cyclical industries are particularly attractive investments because once you get the knack of it, they become a money printing machine.

Message 34858357

Sorry for crappy colors. But I think you can still distinguish the two oscillators withing the same panel.

BTW, those green + you see at the bottom are algo predicting a tactical bottoming process.