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Umike's Falling Knife / bottom picker thread

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I reckon you should keep it going too.
I'm wondering about pickers like APX Appen, JRV Jervois, JDO Judo just to name a few.
Problem with bottom picking is, it might not be the bottom, or, it might be a false bottom.
Time is the essence of a bottom.
 
OMG.

Sorry about the "look at me" comments. And thanks for the positive feedback.

I have predominantly gone the @Skate direction just sticking with high dividend "safe" stocks since about 7 years ago and the only time I did really well was at the times of massive dips.

Most of these trades are fictional but based on stocks I actually buy and occasionally sell.

Missed out recently on. MTO and WDS for real and this thread. Probably missed out a lot but I haven't got a real good technique for finding bottoming or falling stocks.


If anyone wants to nominate a stock for here I'll put them in. But the aim of this strategy is to hold them for a short term turn around.
 
Last edited:
frugal.rock said:
I reckon you should keep it going too.
I'm wondering about pickers like APX Appen, JRV Jervois, JDO Judo just to name a few.
Problem with bottom picking is, it might not be the bottom, or, it might be a false bottom.
Time is the essence of a bottom.
Click to expand...
I'll Look at JRV and APX
 
snagged some ( extra ) MTO , WDS isn't low enough for me ( but do have a sub $25 order in the market , for some extras )

i would suggest QBE something i actually have a crude trading strategy for , the big issue is the dips are unpredictable , , you would probably need an automated alert system , to give you early notice a slide is happening

PS i reduce ( not sell completely ) at reasonable profit levels ( slowly eroding the average share cost over the years )

i often get rewarded for buying at the bottom with a part-filled order , wrecking the cost advantage of selecting the absolute bottom of the move , so prefer 'pretty good prices ' and am not so unhappy if the SP slides a few cents more

a tough game picking bottoms , will the initial plunge be the game , or will it drop in say two or three waves

i would have nominated ILU but feel the downward trend will be prolonged this year
 
UMike said:
Gonna drop this thread now as I am talking to myself.
Click to expand...
Value Collector said:
Take a look at CHC as a possible add to your portfolio, also maybe consider adding some VAS as a decent counter weight to your direct shares.
Click to expand...

@UMike, I believe many investors here would appreciate insights and recommendations from fellow members. @Value Collector recently shared his investment insights and recommendations in the “Dump it here” thread to assist me with my investment portfolio.

Regarding your experience with not snagging WDS at your preferred price, I completely empathise because we have all been there. It can be annoying to spot an opportunity, only to miss out. However, it’s crucial to remember that investing is a long-term game. Short-term gains or losses shouldn’t deter us from our investment goals.

Your strategy of focusing on high dividend “safe” stocks resonates with me. Dividend stocks can offer a consistent income stream and help weather market volatility. To contribute, here are 10 ASX high-dividend companies.

1. Telstra Corporation Ltd (TLS)
A telecommunications giant offering a diverse range of services, including mobile, internet, and television. Known for its consistent dividends, it currently yields 4.8%.

2. Commonwealth Bank of Australia (CBA)
Australia’s largest banks with a history of steady dividends. It currently yields 4.7%.

3. Westpac Banking Corporation (WBC)
Another major Australian bank with a robust dividend history. It currently yields 4.6%.

4. National Australia Bank Ltd (NAB)
A comprehensive financial services company offering banking, wealth management, and insurance. It has a strong dividend track record and currently yields 4.5%.

5. ANZ Banking Group Ltd (ANZ)
ANZ is New Zealand's largest bank with a history of steady dividends that operates in Australia, New Zealand, and Asia. Known for its consistent dividends, it currently yields 4.4%.

6. BHP Group Ltd (BHP)
A global mining company with a strong dividend history. It currently yields 4.2%.

7. Rio Tinto Ltd (RIO)
Another global mining company known for its consistent dividends. It currently yields 4.1%.

8. Fortescue Metals Group Ltd (FMG)
An Australian mining company with a robust dividend track record. It currently yields 4.0%.

9. Wesfarmers Ltd (WES)
A diversified company operating in retail, mining, and other sectors. Known for its consistent dividends, it currently yields 3.9%.

10. Woolworths Group Ltd (WOW)
A retail company with a strong dividend history. It currently yields 3.8%.

# These 10 suggestions above were among my starting point on my road to investing. Some made-the-cut, others didn't.

Skate.
 
had my IAG order filled at the open

will that be the low of the day/week

time will tell ( but at least it was completely filled )
 

MIght still get WDS. Patients and no fear of missing out. (FOMO)

Owned and still own most of these. Now seek the dip.
 
UMike said:
MIght still get WDS. Patients and no fear of missing out. (FOMO)

Owned and still own most of these. Now seek the dip.
Click to expand...

Watching from time to time as well.
WDS is in my view ready to go . (technically) with little downside Max 9%.
I can't see why you'd want to risk a possible reversion, It's in a sweet spot for me.
The weekly clearly shows a bottom, upside of at least 20%

IAG I don't think is ready.
 
Only my thought..TLS consistent div but today news re NBN increasing charges n plenty of the customers are scooting away from NBN. This may affect it's profitability.

The 4 big banks, I heard it on the radio, a finance guru had advise pple looking for pre loan approval best to go with others instead of the 4 big banks that requires lot of boxes to thick before it grants a pre approval loan.

BHP, I like it bec of its diversify minerals business n the divs but could it rise to near $90. I am ambitious for long term.
Currently it's rising to 52 weeks High of $50 plus. I am looking into it for short term.
Same thought of BHP n RIO. At the current share price, it's difficult to reign in good profit.

FMG..I am looking for slightly more diversification of the business in current unstable global depressing economy.

Wesfarmers n Woolworths, either one will do me. It comes down to divs payment.
 
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