Silu..I don't wish for more clarity.. its the uncertain times that (not always) create buy opportunities...often when clarity arrives it's a sell signal.
Buy the rumour sell the fact...eh?
Printable View
http://www.psgonline.co.za/resources...yfromthemasses
Thanks Hoop it covers so much and is great for general lifeskills as well. I can see straight away that shorter term trading isnt for me, other than small flutters. I dont have thediscipline and memory for one. Most of the articles are also great for general life skill living. The psychology side very int; re how we justify things. crowd behavior, not wanting to crystalise a loss and convincing others that our position is right when it aint.
Re "conservative investors being one of the last to enter the mkt". this is suggesting the mkt is geting frothy maybe a pullback coming?. i note again Craigs long term PE's rresearch saying NZ and Aus are above wheras most of the rest of the world are still below their long term PE's. Cheers
I know very little about all this
Will cnu actually own the ufb when it completed ...or are they just the contractors laying it
CNU's up a little today. Dead cat bounce?
yep...:):D ...General rule of thumb "don't try to catch falling knives"..I tell everyone this...however experienced investors can make money in this situation by seeing things that normal investors can't...However the risk can still be dire.....I made an absolute meal out of my jumping in the other day I misread then mistimed my entry at 2.16..I then did a no no by deciding to ignore my stop because of the panic selling is often not the time to sell ....and $many,000's down on paper and hemorrhaging...the pattern was still there so I decided to enter again at 192 ... timed it a lot better this time but don't get all the shares I wanted....amazingly after all the f-ups I am now square...the basic lesson 1 rules I broke were many....
Now compare that with my other play..CAV... I did everything by the book with CAV bought in more at the recent 185 break on a rising trend and now I'm suffering a bigger loss than CNU....go figure???...eh
Thanks Hoop for your reading advice earlier I've been watching CNU all morning agonising over whether to sell out or not if I knew the dividend was to be cut in total that would be the decider as who wants a large sum of dead money sitting there until 2020 and beyond
Hoop in your personal opinion do you think the slight rebound today may not continue and the price could head south until clarity arrives,fhaks
Understand Snapiti maybe I could ask how long these dead cat bounces normally last a day or more than that, thanks
About 5 months or 1000 thread posts ago I crunched some numbers and pointed out that ComCom decisions could have a devastating effect on CNU profits and the ability to fund their work.
Unfortunately this has come to pass. Whilst it is all well and good to believe that the cavalry will come and rescue CNU at some point in the future it is only one possible outcome.
I have re-crunched my numbers and have come up with a current value for CNU of $1.61.
So at the moment I still would not touch this as an investment with a light sabre.
Best Wishes
Paper Tiger