CHI - Channel Infrastructure Ltd (NZR)

**bull....** · 07-07-2015, 11:58 AM

Originally Posted by golden city

striking to 3.80 soon i think.., after breaking 3.09 point

3.70 next for me and yes broke thru resistance

**golden city** · 07-07-2015, 04:48 PM

can the snow ball keep rolling

**bull....** · 07-07-2015, 05:18 PM

I forgot to mention snaps I had to sell some at 3 because I borrowed against the house lol so I had to reduce the margin the longer you hold less profit for me more for bank

**BlackPeter** · 08-07-2015, 08:59 AM

Originally Posted by bull....

I forgot to mention snaps I had to sell some at 3 because I borrowed against the house lol so I had to reduce the margin the longer you hold less profit for me more for bank

Glad it worked out for you ... however would not generally recommend this practise. Can easily go the wrong way - and there are lots of examples in history when it did.

**bull....** · 08-07-2015, 09:19 AM

Originally Posted by BlackPeter

Glad it worked out for you ... however would not generally recommend this practise. Can easily go the wrong way - and there are lots of examples in history when it did.

Totally agree - very high risk strategy - you can lose more than you own if it goes wrong

heres a link if don't understand the risks of margin trading http://www.investopedia.com/universi...in/margin4.asp

or perhaps ask some Chinese stock market players how there margin accounts are fairing

**golden city** · 08-07-2015, 09:19 AM

Oil prices keep falling

**bull....** · 08-07-2015, 02:41 PM

looks like the price hit fib projection resistance at 3.15 see if can hold above 3 sold some more at 3.15 was way over brought in my opinion short term

also Chinese stocks plummeting again doesn't help I will post some margin figures on week end to show Singapore refinery margin against nzr margin see what I mean about decline last week