I am by no means in support of the Chinese government quite the opposite.
Surely a welcoming open handed approach is going to be more effective in bringing Chinese people freedom than one of hostility. Trading nations, historically have exchanged the best ideas. Surely free flow of ideas as Chinese tourists come here and see what an open democracy looks and feels like are more likely to press and demand their own freedom instead of isolating ourselves.
the only thing chinese tourists dare talk about at home are how many cows we have
Hopefully this will pay off. I cleared out my bank account!!!
Pretty hard to pick the bottom. Have topped up 4 times today. Have picked four bottoms in 5 hours. They all seem to be dead cats bottoms. Have decided to stop picking any more bottoms today unless it goes below $14, then will have to start the whole bottom picking process again .
Still some way off from my stop loss being triggered. In the meantime glad I'm not retiring today and reliant on the funds. Just the usual old ATM roller coaster - though admittedly today is more helter skelter
Pretty hard to pick the bottom. Have topped up 4 times today. Have picked four bottoms in 5 hours. They all seem to be dead cats bottoms. Have decided to stop picking any more bottoms today unless it goes below $14, then will have to start the whole bottom picking process again .
I'm trying to get that image out of my head lol. Sounds very smelly
For me, I'm simply not interested. Any stocks that relies on China for the vast majority of its sales is off limits as far as I am concerned. Anything can and probably will happen with this looming trade war...we live in interesting times and almost anything is possible including who knows how much collateral damage to N.Z.
I am very cautious. My favourite investment class is presently CASH.
Last edited by Beagle; 04-06-2019 at 03:07 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
Lol only the recent longs whereas all losing shorts have been turned to ashes with no hope of redemption. PS-Even the recent longs need not lose anything they just need to sit tight and do nothing.
I'd say this is just a natural sell off by international investors. International markets are getting slaughter with the whole US tariff situation. So far its not a bad price for buying, but do be weary of the wrath of the international markets currently, there is not much rational in value when people panic and over think. Good long term buying though, will be interesting how this plays out. I'll possibly take a position myself if this heads into the $12-$13 mark, some good margin of safety there.
Originally Posted by Patient Panda
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