HUNTER wrote: Backstage wrote:I already have AEL in PF bought at lower. So no point buying more for this.
If you like to experience trading, need to get the hands dirty.
Just for fun, may be you can open a new account with some petty cash to burn on these experiments.
Trading is largely a psychological game, the opponent is your own mind. Opponent is activated when you're engaged with a trade.
Let me reveal a few concerns I have as it may be smart to do right now
( some I can't reveal in public as other forums/parties can capitalize on such
to attack this forum)
Let talk about the concern by taking AEL as an example.
1) AEL was discussed when it was Rs 11-12 at this forum .
In summary there will be quite a few people who bought AEL at Rs 12-13
and maybe still holding ( like Backstage) .I even suggested someone
who bought at Rs 18 before ( and at significant losses at that time) to buy
more AEL to average at Rs 12 as it was trading cheap.
2) Now for this experiment, if many people start buying at Rs 23 is it not an
artificial boost to AEL and not a natural one? Can we ( forum) get in trouble ?
Best to stay alert on the issue.
3) Now we all know why AEL started running. Was not due to a major fundamental change in value . But it was due to more of sentiment change, speculation, political stuff and future expectations. So it is a Hot share.
I understand , thats what Trend trading is about and that is experiment on this
thread.
4) I recall when I cautioned before, Hunter said he will pick liquid shares.
I understand AEL is liquid and group buying on retail will not have major
issues on market prices of AEL.
5) But in future if you pick an illiquid share , HOT Shares or some other shares Hunter suggested ( some in the list) I see it can have an effect. Especially on shares that have already run a lot. Group buying now without any fundamental reason but just based on Trends/sentiments can show effects on more illiquid share prices .
6) Hunter have stop losses. Am saying for you own safety so no one can blame
you if things don't go the way you expect by chance.
7) I think it is Best to also pay alert to any legal and ethical issues when
carrying out this experiment ( depending on the share as it can effect the forum)
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