haven't been to bed since Monday morning, should have seen the first 20mins wall street simply fascinating to watch and trade.
I think its still to early to bargain hunt nz yet, asx looks more tempting today for daytrading
If you think Wall Street was dramatic, did you see what happened to the NZD? Plummeted to under 60c USD just after 1am before shooting back up to over 64c. Similar for the AUD but less extreme.
To foretell the future, one must first unlock the secrets of the past.
Maybe those who have sold will be able to buy a new fleece with the profits that they just locked in.
Yes but the question is how many have actually made any profit? something we can't know but I'd hazard a quess that a bigger percentage of sellers are taking a loss right now,especially the panickers.
Mr P's TA discipline .... while the NZX50 index MSI was in the red ..strict rules are actioned... compulsory sell any NZ stock that triggers TA sell signals.
Mr P's TA discipline .... while the NZX50 index MSI was in the red ..strict rules are actioned... compulsory sell any NZ stock that triggers TA sell signals.
NZX50 MSI is in the red
That's how it should be played I reckon .... except for those who hold forever, they are into shares for another purpose and expect to see 20%-30%-40% declines every now and again
I like keeping most of the gains ... Mr P said 'the market giveth but the market also taketh.'
”When investors are euphoric, they are incapable of recognising euphoria itself “
Hi All,
Can someone please comment/give their opinion on this.
I see so much of selling and my portfolio is in red like most people on here but 90% of the shares I own are all dividend paying shares with PE's between 10-20. I have not sold anything and I know as many on here have stated - when things get this bad sell sell sell, I am only 30 and I see with just dividends alone for the next couple years will bring me back in the black. I just don't really understand how taking the losses now and putting the $ in the bank with 3% interest or 5% on my investment property would be better than letting this play out. Is my thinking completely wrong? Should I be protecting capital?
If you are a long term investor in solid companies, just ignore the market and get on with your life. Certainly wouldnt be selling up. Think about buying a few more if anything
That's how it should be played I reckon .... except for those who hold forever, they are into shares for another purpose and expect to see 20%-30%-40% declines every now and again
I like keeping most of the gains ... Mr P said 'the market giveth but the market also taketh.'
For investors. Buying when Ps indicator was ar its worst has proved quite profitable. 2009 turned out to be a great time to buy stocks, for those with a longer timeframme
If you are a long term investor in solid companies, just ignore the market and get on with your life. Certainly wouldnt be selling up. Think about buying a few more if anything
meant as reply to above
I get my annual bonus from work in 2 weeks, and my plans are to buy while everyone else is selling.
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