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02-10-2017, 12:23 PM
#891
Originally Posted by SylvesterCat
Will admit that I sold out on Friday as a stoploss - about a 25% loss, overall, the only serious red ink on my portfolio dammitall. My original research said the long-term fundamentals still should be good, but the company seems to struggle to turn that into actual bottom-line growth. A few more negative macro signals now floating around as well. Will look at again if it reprices significantly.
When you get to the point where you can sell down losses without worrying about it too much, then you are a nice fit for share market participation.
Last edited by couta1; 02-10-2017 at 12:50 PM.
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02-10-2017, 12:35 PM
#892
Originally Posted by SylvesterCat
Will admit that I sold out on Friday as a stoploss - about a 25% loss, overall, the only serious red ink on my portfolio dammitall. My original research said the long-term fundamentals still should be good, but the company seems to struggle to turn that into actual bottom-line growth. A few more negative macro signals now floating around as well. Will look at again if it reprices significantly.
Join the club - sold today my remaining holding - over and out.
Hope this was for this year my most expensive mistake - can't take too many of this size!
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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02-10-2017, 12:47 PM
#893
Originally Posted by BlackPeter
Join the club - sold today my remaining holding - over and out.
Hope this was for this year my most expensive mistake - can't take too many of this size!
HaHa, just bought mine back again at 97c, second time I've sold for a loss and bought back cheaper, quite like playing the cat and mouse game.
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02-10-2017, 12:57 PM
#894
Originally Posted by couta1
HaHa, just bought mine back again at 97c, second time I've sold for a loss and bought back cheaper, quite like playing the cat and mouse game.
Good luck ... I guess based on what we know they should be fundamentally sound .... unless the market knows something we don't.
Which is one of my concerns given that they used to be a leaky boat before ... I hope for holders that the next announcement is a good one, but not anymore so sure about that.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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02-10-2017, 01:02 PM
#895
Originally Posted by BlackPeter
Good luck ... I guess based on what we know they should be fundamentally sound .... unless the market knows something we don't.
Which is one of my concerns given that they used to be a leaky boat before ... I hope for holders that the next announcement is a good one, but not anymore so sure about that.
Glass is an essential product unlike Rosehip oil.
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02-10-2017, 01:10 PM
#896
Let's hope this is another Air NZ scenario (wishful thinking I know)
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02-10-2017, 01:13 PM
#897
Originally Posted by JeremyALD
Let's hope this is another Air NZ scenario (wishful thinking I know)
Don't think AIR sank to these depths of despair (at least in recent memory, did when they went broke)
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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02-10-2017, 01:18 PM
#898
Originally Posted by winner69
Don't think AIR sank to these depths of despair (at least in recent memory, did when they went broke)
Well it went from $3.20 to $1.70 so there not that different from each other (looking at share price collapse alone).
I have a feeling there's mass capitulation amongst existing shareholders at the moment, however it is tempting to sell too and put it all in ATM since that beast seems unstoppable
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02-10-2017, 02:19 PM
#899
I still wonder who that shareholder who wanted or was willing to be a director was. Told to go through the hoops that he would have failed for not being one of the 'boys' he 'withdrew' (speculation on my part that is)
That person might have given the market some comfort but it didn't eventuate so we'll never know.
Probably a disgruntled shareholder now and selling all his shares.
Wonder who he/she was
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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02-10-2017, 02:25 PM
#900
Originally Posted by JeremyALD
Well it went from $3.20 to $1.70 so there not that different from each other (looking at share price collapse alone).
I have a feeling there's mass capitulation amongst existing shareholders at the moment, however it is tempting to sell too and put it all in ATM since that beast seems unstoppable
Ok suppose 220 odd to sub 100 is similar ...but no big bonuses with MPG like there was with AIR
What did you think of my valuation ranges I mentioned the other day - something around current levels if low growth is achieved up to 200 if you think they can achieve their aspirational targets.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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