Attachment 8836
Looks like the ol' poop and scoop... might be time to accumulate alongside the instos.
Printable View
Attachment 8836
Looks like the ol' poop and scoop... might be time to accumulate alongside the instos.
Warning.
Standing in the path of a runaway freight train is dangerous..
Indeed W69.
Very very successful old timer who managed a charitable trust from home office and turned $450,000 into over $5m in 10 years had this advice for some of us rookies years ago :
"If it is good enough to buy at $2.00, it is good enough to buy at $2.05. You are not investing for 1 or 2 % return. Playing for nickel and dime never made any real returns."
So good enough to buy at $1.06, good enough to buy at $1.07.
TGH - strictly for the plucky birds though as far as this 'plucked' observer is concerned!
There's a queue of 100k at 106... so I bumped it to 107 [small order]
That queue at 1.06, can disappear immediately; Ive seen that happen many times before. Either a desperate selller, withdrawl or re queue at a lower price. I have dropped my purchase from $1-06 to $1-04. I dont really want to buy any more, as this is starting to look like a gamble. However if it gets to $1-04, I'll take them. I think that they will write off a large lump of Goodwill at the next result. Its funny when a company is doing well, they either bump up the goodwill or do not write off any because they think its justified. When results are poorer, the goodwill is certainly over stated, and they write off a lump. It really should be the other way around. When the times are good, start amortising the goodwill, it makes the net result look a little poorer, but more realistic. So my crystal ball says that the company will be making a much lower profit after extraordinary items. After all the market has written off a lot of goodwill over book value already. Just what it will do to the shareprice who knows, realistically it shouldnt affect it, but there will always be those that see a low profit and will demand SELL SELL SELL.
I'm with Percy on this one. Some of you good folks that have recently joined ST might benefit from having a good read of this thread.
http://www.sharetrader.co.nz/showthr...ries-and-exits