Picked up some more today, think its holding up surprisingly well.
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Well done Trackers - have done the same, should be north of 2.00 soon and well north if/when Momoho comes in. Would like to think the drill announcement tommorrow will remind those selling down that they have been a bit premature. In addition there is Colin's estimate of 200-230mil from Tui (can't see why it won't be close to that) & paper profit from PRC to be reported soon - onwards & upwards - and at 1.87 its still up on yesterday!
Hmm 80/82 - 6% off the high of the day
lets hope tommorow is better......
Very strong buying at beginning of everyday this week then a few profit takers /desperate sellers at end day.
Best now to ignore the sp and sit on your hands rather than trying to trade-you can hurt yourself jumping off an escalator .
Many made the mistake of selling prc-never sell a share thats going up
Every trading day is surprising. Can't see why anyone would sell now - - can anyone make sense of that? Anyhow - could all those people who are planning to sell tomorrow please reconsider - - you are not helping in my efforts to make a small fortune in a hurry - Thankyou.
By the way - has anyone got access/copies of INFORMATIVE geological maps of the Kupe/Momoho area? The PR maps on the NZO site don't reveal much.
Bit of profit taking reasonably appealing I guess in an average market
Todays trading in light of recent events is more of a non event. Some profit takers and during the day the buyers lacked depth.
Also i cannot blame invesntors who are extremely highly levereaged to resposition themselves. A bit like taking insurance.
Medium to long term investors should not be dettered in the slightest about daily movements of the sp. whether up or down doesnt matter. it only matters when you come to sell.
More interesting times over the next few months...looking forward to it
well, I ended up exercising more than planned for and have slightly stretched my finances short term and have to sell down about 8% of my total holding before July 20th... looking for a continuation of the uptrend before then and did not sell today though - I have a loose stop loss in place for the portion I need to sell, but intend to hold on to the balance...
Why would you need a stop/loss when clearly you would be making money!?
hmmm.... the generally accepted term for a sell order triggered at a specified level below the market price is a "stop/loss order".... but you are correct.... strictly speaking it is not a loss... so let's call it a "minimise profit erosion order"... doesn't quite roll of the tongue though, does it...?