what about "channeling" an established stock for the long term? that doesn't really require too much effort or experience does it?

I like to play it safe. Sell high, buy low.

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Originally posted by stevieboy32808 I like to play it safe. Sell high, buy low.

Can you go beyond 1-2-3?

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Originally posted by Q5echo what about "channeling" an established stock for the long term? that doesn't really require too much effort or experience does it?

Yea, that's what charting and technical analysis entails. But, channels rarely last more than 6 months, so it's a short term strategy. I use to determine my entry points. Once I've evaluated a company's business and see that it is worth investing in, I chart the stock's price movements by drawing the channel lines, thereby, predicting the stock's future movements to a certain degree, and waiting to buy until the support (bottom) line is touched.

The bottom line is the support. The top line is the resistance. The basic strategy is to buy when the support line is tested, and sell when the resistance line is tested.

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I like to play it safe. Sell high, buy low.

When is the price high or low enough? It's not so simple.

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Originally posted by Krypton Yea, that's what charting and technical analysis entails. But, channels rarely last more than 6 months, so it's a short term strategy. I use to determine my entry points. Once I've evaluated a company's business and see that it is worth investing in, I chart the stock's price movements by drawing the channel lines, thereby, predicting the stock's future movements to a certain degree, and waiting to buy until the support (bottom) line is touched. The bottom line is the support. The top line is the resistance. The basic strategy is to buy when the support line is tested, and sell when the resistance line is tested.

my apologies i'm not hip to that chart, or many charts. am i reading that channel is 2.0 points wide?

Bit sick of shares, after 7-8 years of fiddling with them I've made a lot of gains 3 times during that period, but I sort of figure my luck will run out sooner than later and that could leave me in a real pickle so I'm punching out while my boring old mining shares are happy and the company wants to buy them back.
Pay off a some of my debts and concentrate on my realestate for awhile, realestate at the moment where I am is kind of 'crummy' and it's bottomed out to the point it's not going any lower. Good chance of being able to slash some nervous sellers to the bone...

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Originally posted by Q5echo my apologies i'm not hip to that chart, or many charts. am i reading that channel is 2.0 points wide?

Yep, about 2 dollar range. The channel indicates the price's probable movement, and the more touches the support and resistance line get, the more reliable the trend is.

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Bit sick of shares, after 7-8 years of fiddling with them I've made a lot of gains 3 times during that period, but I sort of figure my luck will run out sooner than later and that could leave me in a real pickle so I'm punching out while my boring old mining shares are happy and the company wants to buy them back. Pay off a some of my debts and concentrate on my realestate for awhile, realestate at the moment where I am is kind of 'crummy' and it's bottomed out to the point it's not going any lower. Good chance of being able to slash some nervous sellers to the bone...

I make big gains about once a month. Big gains, I mean at least 2% gain, or $1000 gain in a single day.

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Yeah but at the moment I have a lot floating around and it makes me nervous to keep it there when I could be using it for more practical things. I did really well out of Cisco around early 2000 when it peaked and been living off dividends from energy companys for the 5 or so years, mostly Shell until they went nuts halfway through last year and it was too tempting not to sell.
Then going into resources, which are slightly sluggish for the most part but unless you buy into a real dog of a company, you're not likely to be burnt just playing it cool and biding your time. I went in with 'fair bit', coming out with 'lot' so it's not done me wrong, it's just a bit too much of temptation to throw money on wild and high maintenance company's. I can use a little less anxiety and a bit more money right about now so it's a good at time as any for a rank amatuer to call it quits.

Last edited by Lilith on Jan-22-2007 at 16:11

Here is another example of trendlines holding/working I posted a few months back.. :

http://www.tranceaddict.com/forums/...=&pagenumber=10

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Interesting times

Very tempting to take up the prowl on some lower priced shares right now.
(mind you, a lot of others are probably thinking the same thing so I wouldn't expect it to last)

Wow, I am thanking my laziness right now. I was planning on investing a month ago into emerging markets, but just never got around to it.

Anyways, I am looking for two avenues in which to invest right now. I am currently invested in a real estate company through a friend that returns on average close to 8% a year. I would like to invest in a somewhat risky security (ETF, Mutual Fund) and safer security (bond fund). It seems like a few of you are professionals, could you offer any advice? There was this one fund, Oppenheimer Intl Bond A (OIBAX) that I was recommended two months ago as a steady, high returning bond fund. Any thoughts on that too would be much appreciated.

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Lost Souls

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Originally posted by kush paintings Wow, I am thanking my laziness right now. I was planning on investing a month ago into emerging markets, but just never got around to it. Anyways, I am looking for two avenues in which to invest right now. I am currently invested in a real estate company through a friend that returns on average close to 8% a year. I would like to invest in a somewhat risky security (ETF, Mutual Fund) and safer security (bond fund). It seems like a few of you are professionals, could you offer any advice? There was this one fund, Oppenheimer Intl Bond A (OIBAX) that I was recommended two months ago as a steady, high returning bond fund. Any thoughts on that too would be much appreciated.

Right now...bury your head in the sand. Though in theory there should be some great buying opportunities coming very soon. This week has been a roller-coaster ride!