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Showing posts from March, 2024

Doing Your Own research

 Yep, everyone says it: DYOR - do your own research. On the company you want to invest in; on the sector that the companies lies within; on the share market itself; on the politics of the country the company resides in; on what is happening in the world generally. Most often, the best investment you can make is in research, and that includes in researching what you are actually doing - in other words, reading books, attending online classes, going to real world classes, asking questions - all in an effort to better understand the market you are in and the dynanics of that market. Remember that the goal is to maximise profits and minimise losses. And so all learning is good learning. If you don't know how something works (say, for example, you don't know anything about short selling, and the whole idea just worries you) then get hold of some information (books, courses, etc) and educate yourself. You may never even use that information directly (or you may get excited by it and ...

A Nice Day, indeed

 It's nice to see a sea of green when looking at the close of your stocks. Yep, all are up today. And DTR looks like starting a run that some shareholders are predicting will almost triple the share price from where it is now. Coolio. The only red stock in my list was the one I have my eye on for my next purchase when one of my current ones gets sold - and that's also a good thing.

Moving On

 So now that the cash has coe through from the sale of my CTN shares, it is time to start looking to make up the deficit. I reckon DXB is the way to go. Why (I hear you ask). I had a look at their investor presentation and on page 10 it gives a very inviting date which is only a week away. Could be a good chunk of profit to be had in just a few days. So this time my money is in play. You should ALWAYS do your own research and make up your own mind. I am no financial advisor.

Yep, Got the Trifecta

 IMC is now trading at 12.5 cents. That's an increase of almost 90%. In one day. I have to admit that I didn't expect the results (that caused this jump) to come in for another couple of weeks. But all in all, what a great result for those shareholders.

Broke My Own Rule - For Greed

 Back in January 2023, I broke my own rule of selling at a 20% gain. Why? Greed. The company was CTN and they had some drilling samples that propelled the share price from 0.008 to 0.11 within 12 days of me buying the shares. But the assat results weren't in and everyone was talking up the sample quality. So I held on. Now, 14 months later, I have decided to sell at a 50% loss. Oh well, lesson learned. My mistake. At least I have now freed up that money and can get it moving again. As soon as it hits my trading account I will be jumping into another company, and I have 2 likely prospects for a 3-week turnaround. Yes, I expect to make 20% in 3 weeks. and then there is the possibility of a quick turnaround to another 20%, but it all comes down to timing. And then profits go into BOT for the big day in June.