Showing posts with label contrarian. Show all posts
Showing posts with label contrarian. Show all posts

Tuesday, May 24, 2011

Do Contrarians use all disciplines?


 me:  gm
 Sent at 9:58 AM on Tuesday
 aa:  gm.  despite all that European gloom, things are looking inexplicably rosier this morning....
 Sent at 10:02 AM on Tuesday
 me:  good
 Sent at 10:03 AM on Tuesday
 me:  question: what is contrarian investing?
 Sent at 10:06 AM on Tuesday
 aa:  going against the (perceived) grain
 Sent at 10:07 AM on Tuesday
 aa:  buying yandex this morning?  the last google-like company to go public, Baidu, did quite well....
 Sent at 10:11 AM on Tuesday
 me:  hang on, I'm trying to go somewhere with this...once you buy something in contrarian investing and your right, then your actually following the trend....
aa: ?
 me:  just like the value investor becomes a growth/momo investor if his idea works...
 aa:  or, rather, what about double contrarian? :-)
 me:  is there really such a thing as a double contrarian?
 Sent at 10:14 AM on Tuesday
 me:  what's the difference?
not double, but what's the difference between the styles of investing?
 aa:  which?  contrarian and following a trend?  I thought contrarian was more trailblazing, trying to be ahead of a new trend...
catch the wave at the trough, before the wave builds...
...when it's uninteresting...
 Sent at 10:18 AM on Tuesday
 me:  yeah, but once you do....are you not just riding the trend up? same with value stocks
 Sent at 10:21 AM on Tuesday
 me:  what tells u to get off the wave?
 Sent at 10:23 AM on Tuesday

 aa:  you get off when your strategy has paid off, and you find another contrarian opportunity.
 Sent at 10:27 AM on Tuesday
 me:  your not getting out of this that easy. At what point does your strategy play pay off?
 Sent at 10:30 AM on Tuesday
 aa:  it depends on your target, but hopefully you get out before a top, or at least a long-range top.  a strategy for me pays off with a high % return
 Sent at 10:31 AM on Tuesday
 aa:  but if your target is more modest, then one has to stick with that.
just because my targets are lofty, doesn't mean I attain them....
 me:  point is, if  your a value or contrarian investor your actually practicing two styles...your initial strategy, then once you start riding a wave, your a momentum/growth chaser...
 aa:  actually, to be truly contrarian you have to be all types of investor: contrarian, value, momentum, dividend, technical, fundamental, greenhorn and old salt
and willing to switch hats as need dictates
 me:  hmm
 aa:  flexibility, adaptability, skepticism
and persistence
 Sent at 10:34 AM on Tuesday

check out this blog article -    http://www.wealthvault.net/investing/are-you-a-coif/

Friday, April 29, 2011

Found this week - Apr 29, 2011


Blog Directory
http://www.pfblog.org/

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All things TA - Your experimental fix.
Get predefined TA scripts that screen stocks for you. But not only that, go into the program editor and experiment!
MACD example  Borrow some one's or make up your own function.
Read the user's guide for help.


You probably have seen this list on the Nasdaq website. Here is the original creator. Barchart's TOP 100 & Bottom 100 52-week weighted alpha stocks.
[Note: It's not true alpha calculation, but it's a start]  Weighted Alpha is a measure of how much a stock has risen or fallen over a one-year period. The original research was restricted to large cap stocks, so the corresponding rise in the S&P 500 index was subtracted; however, as there are a number of interesting stocks that do not fit well into any category, and others that fit into more than one category, the results are presented without subtracting any index.

Another page has end-of-day pivot points and when the market is open this page tracks live floor pivot points, key stochaic and fibonacci turning points.

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Contrarian Investing Quote 

"Rule 2: Respect the difficulty of working with a mass of information. Few of us can use it successfully. In-depth information does not translate into in-depth profits."

Saturday, April 23, 2011

Contrarian Investing Quote


"Rule 22: Look beyond obvious similarities between a current investment situa­tion and one that appears equivalent in the past. Consider other impor­tant factors that may result in a markedly different outcome."