I wouldn't have the foggiest where the SP is heading tomorrow, it could go up a $1 or down the same amount, good news(Whatever that means with most things known already)doesn't mean it's necessarily going up, this thing is Schizophrenic and is the Game of Thrones. PS-My good sized floating parcel has been dispatched today due to a great adversity to being skunked.
Just the floaters sold, still holding my core holding bought at $8 albeit reduced in size from a few months back. Always feels nice to have a cash war chest young bear, you never know when some random bear could turn up and spoil the picnic. PS-Actually have OCA lined up once the Elephant has gone bush.
I wouldn't have the foggiest where the SP is heading tomorrow, it could go up a $1 or down the same amount, good news(Whatever that means with most things known already)doesn't mean it's necessarily going up, this thing is Schizophrenic and is the Game of Thrones. PS-My good sized floating parcel has been dispatched today due to a great adversity to being skunked.
I have seen moments I thought the news was fantastic and days I thought the news was bad and I saw the market react in the opposite way to what I thought. So all in all I am holding on tight to my shares in A2 regardless to how I feel in the short term.
Its been high maintenance share..has to delivery a return for that time and energy.
Backing out to a weekly (log scale) chart view, set the MA43 (200DMA equivalent) and EMA17 (50DEMA equivalent) takes a lots of noise and stress out of the situation for the long hold parcel. Try also the 10/14EMA's SP crossover for indicator/trigger trades, of a smaller trading parcel. ATM bounced nicely off the long term MA three weeks ago and is testing short term MA's on the weekly chart now with a slight downtrend-line resistance overhead at present. Then stop reading every post on this thread and especially A2M on HC, which will see ones anxiety levels reduce to nothing.
I see austrlaia closed and NZD$11.13. I'm assuming the shorters are out of the market at the moment - not prepared to take a punt on something that could surge tomorrow.
Its been high maintenance share..has to delivery a return for that time and energy.
Its been a long time between drinks that's for sure !
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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