You might be aware that unclepicks has not been picking up much stocks since 01 Jan 2010; the date when the rally started.
The reason is real simple, why buy when majority people are buying? No doubt, it's human nature to follow the crowd. But in stocks, you can't really be a winner, if you are just an ordinary people standing amongst the crowd.
So, what about Technical Analysis that tells you when to buy stocks? Technical analysis often comes too late, when they discovered the patterns of uptrend. The risk is a lot higher, as the patterns often show the gains of the past few days, which can be reversed easily. Not just that, some might be so stressful and have sleepless nights if the stocks they bought reversed.
Well, the bottom line: Technical analysis is for the full time techinical experts, and not for average joes like you and me.
Take a look at Alex Lu's post today, a technical post:
http://nexttrade.blogspot.com/2010/01/lhh-speculative-play-developing.html
LHH today went up high at 1.470, and came all the way down to 1.400. If you are buying today, I'm not sure if you are going to a winner or loser. The price has moved up so high but in so short time. However, one thing for sure, you are putting $$$ into unclepicks' pocket. :=)
Unclepicks bought it at 1.050, a ~40% gain in just 2 months time. Here's the achieve:
[24 Nov 2009] Impressive quarter-report 10.10sen
[11 Nov 2009] Bought 5000 LHH at 1.050
[27 Oct 2009] Discovered LHH, PLANNED FOR LHH
While many of you are getting more excited in buying BURSA stocks, unclepicks is relaxing and watching the show. Cheers ~
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