The temptation to take a small profit and run......it was 8 times larger only yesterday.
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whats the problem?
the smart money is still hoovering up NZO shares.
they might even be helping the price down by dumping small pockets of stock.
the punters, the gamblers, the kitchen sink chuckers are just scrambling.
NZO is and will be in the money permanantly for here on out.
unless poo goes down to $40-50, and if that happens, you have bigger things to worry about.
this sp movement and "betting" is starting to remind me of pokerstars. net
Agreed neopole, hopefully NZO can release their June quarter numbers pretty quickly (should be 31 July at the latest). The market will have to sit up and take notice then when they see that NZO's main problem at the moment is finding a room big enough to store their cash profit.
Until then we may be in for a rollercoaster ride.
Its called volatility...stocks dont go up all the time!
Sure it was nice to see i was up a lot more yesterday on every single stock i own, but market weakness finally hit everything...but yes, it does hurt when its such a large drop..i think my whole portfolio is down 10% on what it was 2 days ago..but again, its been like that earlier in the year and is just volatility.
Be brave when others are afraid.Its a buying opportunity.
there used to be a time when USA caught a cold the rest of the world sneezed, and in alot of respects that is still true. but when it comes to oil and gas the USA can sneeze all it likes, and china and india will still purchace as much oil as it can get.
NZO produces oil............
this must be one of NZ's only safe havens for capital, the bigboys know this, and use the lack of knowledge of the punters to hoover in the cheap shares of NZO.
oh well...... off to the lotto shop again.
It is scary watching everything drop but in the last 3 days i sold everything but NZ) and bought more NZO with the profits. So my portfoilio is now 90% NZO. Sure I average 1.65 but I am able to sit this out and no matter what happens in the short term, the fundamentals will win out in the long term. So no panic on my side. We are on to a winner guys. Just hold on don't panic. If it drops much further i will be buying even more.