Fair enough Percy,but buying a block of shares as OG did and holding for 6 months or so and then selling (Positional Trade) is a well know and legitimate way to make money and is not a gambling strategy in its essence.
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Fair enough Percy,but buying a block of shares as OG did and holding for 6 months or so and then selling (Positional Trade) is a well know and legitimate way to make money and is not a gambling strategy in its essence.
You make a valid point percy BUT, we are on a public forum called SHARETRADER where people have many different ways and methods for investing and share their various views freely. But I think all of us on here are investing in the sharemarket to the best of our ability with the purpose of accumulating wealth. To say to someone on here that you " actually detest folk like you", like troyd did to oldguy, who's posts I value greatly, is out of line and plain rude. Surely the point could be made without personal attacks
Thanks to those that didn't take offence to my actions!
For the record - I was planning to hold these shares for quite a while, but I have some concerns about the forthcoming announcement, so have exited to avoid any potential fall.
Also, Troy, your shares would be worth a lot less if there was no active market for buying and selling them. Indeed, markets without buyers and sellers even have a special name (i.e. illiquid or thinly-traded) which creates significant risks for holders. Imagine if you had to sell out one day but there was no-one there to buy. OR, imagine really wanting to buy some shares but no one wanted to sell them because they all held your point of view. Not great, right?
Thanks :)
Also, I chose to post my exit because I know others have been thinking along similar lines, and I think its useful to share information with like-minded people. Looks like I'll just leave that to PM from here.
Good luck to all!
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sourre : www.sharesight.co.nz