its a shame that the predictive power of TA is generally so low, otherwise I might have actually read your post! :p
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its a shame that the predictive power of TA is generally so low, otherwise I might have actually read your post! :p
I sold out circa 2.39 yesterday. Gave back the market a fair chunk of my gains this year and licking my wounds a bit.
I hung in there for as long as I could but when bourbon doesn't soothe the mind I had to do what felt right at the time - guess that makes me a weak holder and another shaken lose.
I still have thoughts of AIR being worth a lot more than what it is trading at but the sentiment just isn't there and I took a chance thinking it wasn't a strong recovery. My intention is to try to pick the bottom better this time and perhaps even recover the loss but at least I am avoiding losing any more in the meantime which judging by today has been a reasonable call but only time will tell if it is sustained. Either way I can come back in on the way back up and still be better off if its below the 2.39 level.
Re the email to investor relations I got a reply saying they will get back to me as the person has been out of the office.
if you want to do the glass half full--This is fabulous compared to what could have happened with the price fixing problem.
You are not alone WD--theres a whole crowd of us--its just a matter of degrees
Ahh well, I'm just going to sit on my holding for the next couple of years. Decent dividends coming my way, I'll ride it out.
I feel your pain WD and everyone must follow their own strategy - so nothing wrong with what you've done as it's your decision.
Here's how I'm approaching it. I have about 8-10 years before I need any of the money I've invested in shares - possibly longer - so while I don't like seeing the price so low - I'm not losing sleep.
There's a couple of Buffet quotes I use as guiding principles:
"Rule No.1 - Never lose money
Rule No.2 - Don't forget Rule No.1"
The other is:
"Unless you can watch your stock holdings decline by 50% without becoming panic-stricken, you should not be in the stock market."
So, for me - as long as my timeframe permits and those 2 principles hold true - I'm holding and possibly accumulating once there's a change in direction. And there's also the dividends....
All the best to you.
looks AIR a bit oversold now, I will take a risk by buying a small parcel (not for long term holding though ;))
As much as I hate to mention this term....
http://neoavatara.com/blog/wp-conten...712975426.jpeg
I think there will be a bounce but not sure how long it will hold. Just on closing some large orders being placed with some big aftermarket trades going through around 2.295/2.30.
Perhaps this 2.27 support level is going to be hard to break through.
Monthly operating stats out next week maybe which could be good for AIR.