• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Stock Picking Using A Dart

Discussion in 'Stock Market Nuts and Bolts' started by Garpal Gumnut, Jul 2, 2020.

Dart, Technical Analysis or Fundamental Analysis

  1. Dart

    10 vote(s)
    62.5%
  2. TA

    3 vote(s)
    18.8%
  3. FA

    3 vote(s)
    18.8%
  1. Garpal Gumnut

    Garpal Gumnut

    Posts:
    9,731
    Likes Received:
    1,228
    Joined:
    Jan 2, 2006
    As I hope I have shown these two long days in to this trading month the use of a dart is as good as any way of entering a stock. My good friend from the Bush years, Don Rumsfeld wisely said apropos of our knowledge.

    knowns.png

    One need look no further than the ASF July 2020 Competition to see the wisdom of using a dart. AR9 is up 71.3% finishing at 21.5c in 2 days and I believe that but for an energetic bout of carpet hoovering @Dona Ferentes could have sold them at 30c shortly after 10.30 am.

    Rumsfeld said and it can be applied to much of the stock market, (as many a bank CEO's mum's portfolio buy/sells will prove) there are many un/known/un/knowns privy to only a few. Charting circumvents this to some degree but it appeared a better strategy in "the old days" before quants, and shorters and then large investing houses mastered Technical Analysis.

    As @tech/a has attested money management and knowing when to get out is just as important. I now have the perfect dart. However my epidemiologist friend standing no closer than 1.5m from me here at the Ross Island Hotel tucking in to a tasty Rib Fillet is vehement that correlation is not causation. (Don't ask me, she comes out with some very deep stuff). She has advised me to get a monkey for the August competition, to prove my thesis.

    monkeydart.jpg

    I now seek a monkey to attend at the hotel prior to the next competition. Full of the realisation that monkeys are vegan, I can understand that any member of ASF may be wary of entrusting such a pet to a carnivore such as I, and have thus arranged with a trusty debtor of mine in the suburb of South Townsville who votes Green to care for the animal and train it in dart throwing. He is very good with animals but hopeless at Texas Holdem and owes me.

    This will finally lead to a level jungle in the ASF Competition. I doubt if AR9 will win, but if it does it will be by a mile at this rate.

    gg
     
  2. tech/a

    tech/a No Ordinary Duck

    Posts:
    19,352
    Likes Received:
    3,508
    Joined:
    Oct 14, 2004
    Disillusioned ?
     
  3. Garpal Gumnut

    Garpal Gumnut

    Posts:
    9,731
    Likes Received:
    1,228
    Joined:
    Jan 2, 2006
    Yes.

    gg
     
  4. Dona Ferentes

    Dona Ferentes

    Posts:
    1,880
    Likes Received:
    2,012
    Joined:
    Jan 11, 2016
    Rumsfeld was merely quoting Rand Corporation analysis from the 1950's. You can't make this stuff up.
     
    Garpal Gumnut likes this.
  5. Garpal Gumnut

    Garpal Gumnut

    Posts:
    9,731
    Likes Received:
    1,228
    Joined:
    Jan 2, 2006
    Thanks @Dona Ferentes . Zizek reckons the unknown knowns are the most dangerous. I did read somewhere that the combination goes very much further back than the 1950's as far back as to Greek or Roman philosophy. If I can find it I'll let you know.

    gg
     
  6. Dona Ferentes

    Dona Ferentes

    Posts:
    1,880
    Likes Received:
    2,012
    Joined:
    Jan 11, 2016
    Oh that Žižek. Elvis Žižek, I believe.
     
  7. Dona Ferentes

    Dona Ferentes

    Posts:
    1,880
    Likes Received:
    2,012
    Joined:
    Jan 11, 2016
    Apologies; doing a baz on you

    .. ἔοικα γοῦν τούτου γε σμικρῷ τινι αὐτῷ τούτῳ σοφώτερος εἶναι, ὅτι ἃ μὴ οἶδα οὐδὲ οἴομαι εἰδέναι.
     
  8. frugal.rock

    frugal.rock

    Posts:
    1,086
    Likes Received:
    1,268
    Joined:
    May 3, 2019
    Ok, I'll be there...:wacky:
    Will bring my own dart though.... don't trust your infrared laser guided mm accuracy pinpoint dart head...
     
  9. Dona Ferentes

    Dona Ferentes

    Posts:
    1,880
    Likes Received:
    2,012
    Joined:
    Jan 11, 2016
    I'll do backup (my August tip??)
     

    Attached Files:

    Garpal Gumnut and frugal.rock like this.
  10. Garpal Gumnut

    Garpal Gumnut

    Posts:
    9,731
    Likes Received:
    1,228
    Joined:
    Jan 2, 2006
    Καταλαβαίνω απόλυτα. Είμαι άγνωστος, άγνωστος.
     
  11. tech/a

    tech/a No Ordinary Duck

    Posts:
    19,352
    Likes Received:
    3,508
    Joined:
    Oct 14, 2004
    Some of us know enough !
     
  12. barney

    barney

    Posts:
    3,807
    Likes Received:
    2,066
    Joined:
    Aug 17, 2006
    Your point is well made @Garpal Gumnut , but I must say, personally my dart throwing has improved since I sharpened my darts:)

    Where large amounts of money is involved, subterfuge manifesting as randomness can often throw us off the scent (cent, for those who enjoy a pun:p)

    It can be a frustrating sport we play. ps I have a spare monkey you can borrow. pps He has no arms:eek:
     
  13. explod

    explod explod

    Posts:
    7,118
    Likes Received:
    705
    Joined:
    Mar 4, 2007
    Dart throwing creates attention to the side of the board. Us shearers were usually weary and replacing our fluids from the stool. However the young shed hands loved playing darts against the rigors at the nearby well controlled by Exoil. So got in at 10 cents and sold a few months later (1968) at 90 cents.

    GG of course will be well above board and ignoring such wild rumors.
     
    qldfrog, frugal.rock and barney like this.
  14. Dona Ferentes

    Dona Ferentes

    Posts:
    1,880
    Likes Received:
    2,012
    Joined:
    Jan 11, 2016
    ... but don't drill too deep. As I remember from my Cambridge days, a chap, New Zealander I believe, said:
     
    qldfrog, Knobby22, explod and 2 others like this.
  15. jbocker

    jbocker

    Posts:
    1,384
    Likes Received:
    1,143
    Joined:
    May 24, 2009
    Using the dart theory one must remember the tried and tested, the second hand dart board. It has had many pricks invested in it, to make a score, but even the best dart has pulled out.
     
  16. barney

    barney

    Posts:
    3,807
    Likes Received:
    2,066
    Joined:
    Aug 17, 2006
    Ouch .... yet brilliant:D
     
  17. Garpal Gumnut

    Garpal Gumnut

    Posts:
    9,731
    Likes Received:
    1,228
    Joined:
    Jan 2, 2006
    With just 1 day's trading left this month the Advanced Dart Stock Trading System © on AR9
    lies third behind @access on EXR and @Dona Ferentes holding a good lead with TNT.

    I am making some tweaks to the dart tomorrow and will announce my pick after the market closes. The system is undergoing final testing in October and I plan to float it on the ASX under the ticker DUH, Dart University Holdings. A pre-float issue of shares to professional and sophisticated investors, the lame, the blind, and the deaf, comprising 100 Billion shares will be announced prior.

    gg
     
    cynic, qldfrog, barney and 3 others like this.
  18. Garpal Gumnut

    Garpal Gumnut

    Posts:
    9,731
    Likes Received:
    1,228
    Joined:
    Jan 2, 2006
    It is August 7th already and my pick in the ASF Stock Competition with the dart was GED, without the use of a monkey as @frugal.rock never turned up to the Ross Island Hotel, or if he did I was in Brisbane ( Sorry Rock ). The monkey would not have been noticed so I didn't interrogate my fellow imbibers.

    It began earlier this week in second last place and is now second on the leader board. Had I had the sense to buy it I could have exited today at a 25% profit.

    Next competition I will further refine "Stock picking with a Dart" to "Trading with a Dart", not alone as an entry signal but incorporating an exit strategy.

    Meanwhile let us see if GED can achieve triple figures profit over the course of the month.

    gg
     
  19. Dona Ferentes

    Dona Ferentes

    Posts:
    1,880
    Likes Received:
    2,012
    Joined:
    Jan 11, 2016
    could have stayed with your previous month, and you'd be up again 25c to 44c
     
  20. frugal.rock

    frugal.rock

    Posts:
    1,086
    Likes Received:
    1,268
    Joined:
    May 3, 2019
    No bother.
    I don't think I was put out. The trip was like a dream...
    A happy snap whilst there...
    [​IMG]

    I hope that @rederob takes the cake this month...;)
    It's the only stock in the list that am holding...
     
Loading...

Share This Page