Sharesies just put a notice up showing the closures of NZX over the break and they've probably all just realised they want their money out for the break.
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Sharesies just put a notice up showing the closures of NZX over the break and they've probably all just realised they want their money out for the break.
Who knows?
Everyone has different investment strategies and motivations for buying or selling. Traders may be taking profits - anticipating a SP drop or moving their funds into the "next big thing". Some sellers may need the funds for some other reason - maybe to build a new deck. (If you've been following this thread for a number of years you'll get the meaning of this option!)
If you're an investor (like me) you'll probably stand on the side line watching the ups and downs with interest but doing nothing about any of them -unless you see an opportunity to buy more. (PEB has now shot up to 23% of my portfolio so I'm just watching.)
Other than that, mind-reading skills are required and I don't have them.
Down she goes....... Pop
Mate,
If people keep buying/ holding stocks and doesn’t sell out, where the money come from? Money just go around and correction are normal steps of a stock. As long as a stock flat out or doesn’t break the stop loss price, it is a good stock.
Link attached. http://nzx-prod-s7fsd7f98s.s3-websit...680/338180.pdf