Was in the red as had recapitalized profit at $1.35 so would lose it all at $1.15,cheers
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One thing I don't quite understand, the Friday before the nzx50 inclusion something like 8 million shares went through at $1.55, then the days after one or 2 million went through at the prices roughly at 1.5, 1.45 and so on. This would be institution buying right?
However, the SP started to decline on much smaller volumes? So these sellers would be small investors like ourselves?
So, how come the selling has stopped now? Or is it like some posters have said, price goes back up then the selling starts again?
If so, wouldn't this be manipulation of somesort?
Could someone explain this to me? If there is an explanation...
At present there are about eighty people looking and ranting and raving and when that happens there seems to be delays.Sometimes I just go out and look back later and it has been posted.Double posts with me are usually getting frustrated that the thing may not have worked....
Beware the battle within:
When a stock is out of favour, and you're holding, that is not the time to sell (even though psychologically you may feel very negative towards it).
Conversely, when others around you (work colleagues, taxi drivers, barmen, etc) are all very gun-ho about a stock (whether you're holding or not) and you get carried along with their 'sure-bet', that is not the time to buy (even though psychologically you may feel extremely positive towards it).
To triumph at this game, we must conquer the enemy within. Our natural tendencies and initial reaction to a share price movement and/or a ST Thread's prevailing opinion can be all it takes to set us up for a fall.
I find it more fruitful and satisfying to categorise stocks by industry, research a long list of candidates, assess each stock's fundamentals, produce a short list to put on watch, and then use charting / technical analysis to time my trades as best I can. Stop losses can be set on liquid stocks which also help to manage risk. Anything short of that raises the risk/reward ratio to the point of gambling.
It's all too easy to buy a stock on a whim (i.e. without the above discipline) and then as the sp drifts down to continue to hold, first wishfully then desperately, hoping for a turnaround...but he who ignores momentum does so at his peril.
IMO, with PEB today we have witnessed a momentum pivot to the upside, which had to come (it was just a matter of when). It is no longer time to sell.
BC
Could this just be a deceased puddy-tat going boing?:confused: