Man, I'm practically the new moosie_900.
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Thanks for the insight Mr T. May I suggest the only reason true investors would be crying is they didn't buy in at what might be termed the correct time. I would think most "investors" would base their buying decisions based on doing some fundamental analysis first (with the buy button being pressed on some TA perhaps?). With the SP roaring upwards so rapidly from October last year, it appeared to be driven by traders. This thread has been so loud in its stance of there "not being any sales" to justify the SP - so down she goes. That being the case (in hindsight of course), why would one buy in BEFORE the release of sales?
give it time biker i never say today
Buck next week a real possibility now that capitulation has happened. Last time I saw a good clean out was MBE at 17 cents odd ....went all the way to 35 after that
And balance is talking $1.25 foe PEB - soon he said
Jeez $1.25 would be a 75% gain ...nice
Hope you joined the fun snaps
Yep, a couple of weeks ago when I discovered PEB had almost all NZ's DHBs on board, I decided to put what I bought for $1.02 into my bottom drawer (LT investment), and look for separate trading opportunities after the May 30 result.
20 mins after today's market open, I put a good sized bid on market at 68c. First drop bounced off 69, and then rose to 75. I pulled my bid and turned my attention to other stocks. By the time I came back, it had dropped again to just touch 68c but was up again to 76c, and not so appealing to the trader in me...but (wisdom in hindsight) if I'd left my bid @68, some of it would probably have been hit. I still think my strategy was sound, only this time the big trout I was stalking got away by a wisker.
We got a higher close today but still both a lower low and lower high than yesterday, and so tomorrow may present another opportunity to buy low. For what it's worth, I'm picking a low in the low 70's tomorrow and a higher high, with the resistance at 85c (and possibly 90c) tested by the weekend...unless of course there's a market announcement in which case I'll be eating my words.
Either way, I'm a holder.
Are you out for good, or still hunting?