Lol - don't feel bad. I am a relative newby to 'investing' and put in some really low buy offers (at the time) and then got carried away with work.
Forgot about the orders and now am the proud owner of KMD and a whole lot more OCA shares - oops.
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Bull
"my money is on a bear bounce , shares are bouncing 10 - 20 - 30 % on such low volume which helps support this theory to me. anyway i wont be posting much for a while got family to look after at home and support so take care everyone."
His posts are essential for some balance imo.
IMHO you are doing exactly the right thing and I've been doing the same thing.
It's a great time lower your average hold SP on high conviction holds, realise a few profits, cash up and wait for opportunities.
Bit like the orchardist doing winter pruning in preparation for the spring to come.
NZX has perfectly rejected the resistance at the previous high point set on the 18th, but still in an hourly uptrend.
My base case is that this is just a bull trap as I really don't think people appreciate the economic impacts we are going to see. Letting the market decided whether I should be bull or bear though.
Bull abdicated from the forum during the lockdown as he is with family , his absence is not unexpected.
Stay safe from the rona, everybody - apparently that's what the kids call it.
which is only funny coz I actually have an Aunt Rona who lives in SUM village SUM where.
Edit: I'm hopeful of a quicker recovery than most folk , but don't think the worst is over yet. And it could go bad still. As in really bad. But it probably wont. Who knows.
But business is built on optimism so one must keep digging to find it.
But I am still quite weary of the claw, so have mainly been speculating playing the market as I see it from hour to hour.