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Lots discussed this week, from Weinstein, Minervini and Zanger, volatility contraction and when to sell, to following the charts and mistakes I knew i was making
In response to comments, we've tried to put more of a focus on the education side that just stock talk
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Many thanks Donald and Dave. Another useful 45 minutes. Thanks for mentioning Tesla and NIO - I hold both and continue to optimistic about them. The Tesla share price signalled its intention to rise with a classic bullish triangle (pennant) that narrowed to a point at $410 before breaking out upwards ten days ago (the sort of phenomenon that Dan Zanger and Minervini both seem to spot effortlessly). Your remarks on sector ETFs were apposite and I think it's much easier to spot a rising sector than pick out the best share in that sector. Most of my current spread betting is now done on major US sectors as that virtually eliminates the need for stop losses and the spreads are tiny. If you have time at the next podcast, can you look at Adobe please. It's a fantastic company and looks as if it's going to push up hard through the 50 day MA.
Thanks wilkonz we are getting really good download numbers but limited feedback so that’s great to hear. Adobe is a fantastic company, one I will look at more close key and definitely mention next week. Many thanks!
I hold Adobe so that would be of interest to me.
One concern with many companies that have done well this year, is what will happen when things get back to normal?
I see $TCS took a hit this week.
What you are doing is fab, and a great listen - I'm certainly hooked.
Feedback is a funny thing, and I would not be too worried about the lack of it, it certainly does not mean that peeps are not listening. I listen and subscribe to many services ( Audible, Stocko, Amazon, Don and Dave...... I very very rarely leave feedback! I'm sure I'm quite typical.
I am however very impressed and very glad that you have decided to embark on this podcast quest.
Thanks you!
I enjoy your podcasts very much. The latest was very enjoyable. What I find reassuring that we all make mistakes and just need to try and learn from these. I'm not (yet) a trader but still learn a lot and am reassured by what you say. e.g. stick to Fundsmith if you that gives you all you need.
If you do cover Adobe in the future I'll be very interested. I've held a small amount for several years.
Thanks for the feedback, good to know. I'll look at ADBE this week, you'll all be surprised to learn that Dave has previously held and sold it...is there anything he hasn't bought and sold?
Regarding feedback - I 'suppose' I should stick my head above the parapet. The podcast is now firmly on my weekly listen list, I find it very relevant and easy listening. Refreshing to hear I'm not the only one to make mistakes that I could almost predict would happen. Keep it up guys (the podcast, not the mistakes).
Listened to the podcast last night, think they are getting better, more relaxed now. Re Future (LON:FUTR) which I hold, I thought the shares fell because of the Goco (LON:GOCO) takeover which was not that well received but yes could be an excuse for profit taking, if it was not announced the same day, I don't think the shares would have fallen that far.
When to sell is always tricky, Minervini I have his second book but his trading is a bit too short term for me, it is easier in the US market, as trading costs are very low or free and spreads are much tighter. You are right about results there, usually they are just beating the forecasts, not many surprises but if they do fall below the forecast then the share price can take a big hit.
If you are looking US shares, maybe you could consider having a look at $SHOP.
There is an investor webinar on 17th Dec at 1pm for Mirriad one of the stocks mentioned on the podcast. Register https://us02web.zoom.us/webina...
There’s a lot been going on at Mirriad this year:
