What are you buying?
Printable View
scared yet???
Aussie showing signs of capitulation....
get ready to pull the trigger (to buy)
Remember Human nature when reading articles...
Brave...jumping in at the same time as stupid but wins
Stupid..jumping in the same time as brave but loses.
Now combining the above phrases... the paradox of investing in a bear market is:-
If the majority think of jumping in now is being brave then the market still has further to fall
If the majority think of jumping in now is stupid then the market is at the bottom, or has already bottomed (the mauled/wounded investor is suspicious that it could be another small sucker rally)
The principle behind the above paradox is that many players still have fragments of investor optimism when the Bear market is falling.......At the bottom of a nasty bear market most players perceive doom & gloom, despair and hopelessness..pessimism..advoidance towards the market.
My personal opinion is we have only have some of the factors in play at the moment, the D&G part and perhaps despair....observation is that this bear is becoming increasingly nasty and stronger with each day passing.
Therefore Belgarion I (majority or not???) think you are brave...best of luck :)
Have a look at Colin Twiggs diary before you squeeze that trigger dere cowboy :), dem Indians carrying Bows and arrows and dressed in bear skins are on the warpath:(.
Aussie 2 year support is under threat at 4800 TA target is 4400 ...
At 4925 there is a good chance another 10% of the market value may disappear.
You can bet your cowboy boots + spurs that NZX50 will follow ASX down.
Disc: NZO PPP (cash 75%)
Quote:
Originally Posted by belgarion
Quite liked what Lloyd Morrision of Infratil had to say about what to do in the Saturday herald ... Do your research and then steady buy over the next 12-18 months and sit back for the next 5-7 years and watch it grow ... Sage advice.
Belgarion is buying on the NZX... And the first time since April and after having dumped out May/June... Keeping the stop losses tight and expect (aboput 55/45) to be dumped again before its all over.
What are you buying?
__________________
More DPC Belgarion??
Gosh Belg - from where I sit that looks foolish rather than brave.
What have you been buying?
http://h1.ripway.com/Phaedrus/NZSX715.gif
The chart shows a selection of indicators tailored to the current downtrend. You can see that there is no hint of it weakening and that the market made a new 3 year low today.
market needs to return to its m/a over the next few months...to re-test it. dont think we will just keep falling
I would like to ask the question WHY HAS DUMBASS BEEN BANNED?. Was it for taking MICK up on a silly little wager?, if so why is Mick not banned. It might be because management thought his post about me was offensive. No offence was taken i have been and will be called a lot worse than that. WHATS THE BEEF VINCE come out with your reasons. Macdunk