Could be a small seller wanting out straight away and only buyer at the time was 71cents.A broker selling up a deceased estate,or tidying up a client's portfolio.
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The problem is, its the weekend. You lie awake, thinking of how much you have lost already. Will the market collapse over the week-end? Will the shed burn down? Will the drought break? Could we have more quakes? Will the car work when I turn it on? Life can be very miserable, particularly for insomniacs.
SELL THE B****Y SHARES.
[SIZE=1]And so the price drifts down.
Hopefully Monday Morning its raining and cheers Ashburton up.
Being the last trade before closing on friday afternoon it got all the signatures of a tidy up trade and needs to be settled by the due date probably today....eh?
You guys worry too much Sparky is right...if you worry too much ...the market isn't for you....don't stick around and try to regulate it.
...Regulated markets perform badly as values become distorted with time. Too costly to police and too many grey areas to consider ...end result..disaster!!
The two most well known tricks of the trade are fake outs and shake outs..... see here for a basic summary Incredible charts tricks of the trade
Knowing all about Trader Psychology definitely helps you stop becoming paranoid...
Gee, much ado about nothing
some dude just sold 100k parcel 'at market' which happened to penetrate into the buyers at 71
On a different note,I noticed last night as I was dining opposite the Tauranga branch,that they havn't put the word bank on their signwork,but have a video running in the window mentioning they were NZ's newest bank.
this thread is getting like the Pike thread a few years ago .... hysterical fantasicm
Must get balance's mate at oxford to include in his book on investor behaviour ... i believe he is always on the look out for raw material
Sparky, that is partly the problem with Heartland. Many were in CBS, a building society. They then voted to become part of the bank project and saw their share value plummet. Now, that is not me. But for those in this situation it now worries them and SELL is their solution. At least they can get a good nights sleep.
The problem will come, when Heartland goes to a dollar, then higher. Nightmares after that situation. Incredibly, they will then buy back in.
[QUOTE=winner69;395693]this thread is getting like the Pike thread a few years ago .... hysterical fantasicm
Very wrong.
Pike never achieved one thing they set out to do.
Heartland on the other hand have achieved everything they set out to do.
Solid foundations laid for a sound business.
Wasn't comparing hnz to pike Percy ......just comparing the passion of investors in both ...and your response is just the sort of response balances mate at Oxford ( or was it the London school of economics?) loves analysing