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19-09-2019, 12:42 PM
#13961
 Originally Posted by carrom74
Trading on a very narrow range... does it imply short covering?
I'm calling the bottom in bar any Macro events.
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19-09-2019, 01:41 PM
#13962
Originally Posted by couta1
I'm calling the bottom in bar any Macro events.
Bet the Ranch...oh wait, you already have  I'm expecting a military strike on Iran any day now and who knows where it will go from there but one thing I am pretty sure of, it will affect oil prices more than infant milk powder so you might be alright.
Last edited by Beagle; 19-09-2019 at 01:43 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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19-09-2019, 03:09 PM
#13963
Brave call, Couta and I hope it’s right.
Wish I had sold all my shares when I sold 2/3rd after the disappointing results.
Given my entry price, I am comfortable to ride with the 1/3rd left but I have to say I am not in a hurry to reset my holding higher anytime soon.
I suspect it’s short coverings as some shorters lock in gains, giving some support currently.
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19-09-2019, 08:04 PM
#13964
Member
Thinking of selling some of my FPH to invest in more ATM
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19-09-2019, 08:42 PM
#13965
Originally Posted by hogie
Thinking of selling some of my FPH to invest in more ATM
New money, recycled money, whatever money, it’s a screaming buy. But, it’s still a falling knife so timing is everything. Gltah
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19-09-2019, 09:52 PM
#13966
The chart is looking pretty ominous. Reversion back to test long term support at about ~ $11 is not out of the question in my opinion.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-09-2019, 08:10 AM
#13967
Originally Posted by Beagle
The chart is looking pretty ominous. Reversion back to test long term support at about ~ $11 is not out of the question in my opinion.
Managed to stay on top of the MA400 for a number of years - might hold this time as well.
MA400 is sitting at A$11.89 ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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20-09-2019, 01:22 PM
#13968
Originally Posted by couta1
I'm calling the bottom in bar any Macro events.
There are lots of different bottoms with a2, and every time I buy some ,it drops 10 or 20c. So now will put orders in 20c below what I would like to pay for them. So bottoms up, but please give me bottoms down .
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20-09-2019, 02:26 PM
#13969
Member
Originally Posted by see weed
There are lots of different bottoms with a2, and every time I buy some ,it drops 10 or 20c. So now will put orders in 20c below what I would like to pay for them. So bottoms up, but please give me bottoms down .
So meaning we need to be prepared for sp to go down by 40c?
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20-09-2019, 02:45 PM
#13970
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I will chase it down farther as my overall cost is still below 4 bucks 
having bought and sold heaps then when acquiring it was way below that sweet amount of 56 cents. So worry not lucky early holders 
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