Yes not complicated at all - after someone explains it. I maintain, stoically, that I'm still happy.
(Grasps lapels on tweed jacket, juts chin and looks off into the distance)
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Yes not complicated at all - after someone explains it. I maintain, stoically, that I'm still happy.
(Grasps lapels on tweed jacket, juts chin and looks off into the distance)
Especially considering the 'everybody's doing it' before the crash comes concept.
I'm happy to say I'm a junior, but some of the misunderstanding and throwing of money at something people haven't properly researched assuming it's all free gains astounds even me.
I think there are some people on here who have made some lucky gains in xero and PEB after getting interested in shares after MRP and are now just throwing their money at anything that trades.
Sneaky blobbles deleting your post!
I was going to say you've got it the wrong way round. However I don't think that plan for Arbitrage will hold as it looks like support above $1.20 is gone.
In saying that I don't know why the price opened above $1.20 in the first place.. Can only put it down to a few poor buggers in the market having poor comprehension.
DISC: My own buy price was $1.28, I would be well pleased if it stays above $1.20 :D
It's a very good sign that people need to begin thinking about adjusting their portfolios for the bear market. This bull run is almost a year older than the average, so the market is due to turn to custard soon. My guess is that this bull will die within the first 3-4 months of next year.
Damn, got stopped out. Leave the computer for a few days and this happens....
Now I'd like it to go lower please, so I can buy back in.
I agree, there is way too much irrational exuberance around at the moment, I smell the end of the bull and potential morphing to bear... Particularly if the NASDAQ is anything to go by...
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Well its holding up better then i thought it would.
Was expecting more of a drop today...nice.
Western media and economists have been predicting doom and gloom for and from China for the last 20 years - and they have not been correct even once!
Ever wonder why?
I attended a presentation recently where the speaker talked about Western pre-occupation with bad news to the point of obsession.
The example he gave was that during the Greek crisis when doom was predicted for Europe and the global economy over Greece's 8 billion euro rescue package, China committed US$10 billion into building a new port in Tanzania.
Guess what? China's move received zero Western media coverage even though the investment will open up and speed up growth of the African economies.
So BIG YAWN on anyone predicting a global crisis eventuating from China.
Try US, Europe or most likely, Western financial institutions again.