in agreement with all in this thead. note the mkt has gotton the shytes running thro it due to that belt tightening in usa. forget they call it tampering. messin more like it. it is tightening in the old world thinking which is coming, no mistaking. just look at the bond rates boys and girls and see what the real money is saying.
http://www.bloomberg.com/markets/rates-bonds/
any overseas investors will be, and have been, selling ozzie assets to avoid currency losses. look at ozzie banks for a start.
ALL THIS RUBS OFF ON THE CONFIDENCE DOWNUNDER.
as thad says, thinly traded stock. unreliable movements.
having said all that tho, some will need to raise funds and some to lighten, wanting to come back in again later. on balance, I feel if one has liquidity and does not need to sell then ok but if funds are tight and anyone wants liquidity then they have taken some or all out. one does what one has to do. I did not expect this to not rally on the news but there is enough bad sentiment out there to tell us why. take that as you see it.
these mkt drops were on the cards some mths back. first we got the tightening message then it it was backtracked but those bonds tell the truth. they always do.
I personally reckon we will have a few more days of broad selling before people shut down their computers for festivities. afterwards, hope for the new yr rally which on balance always happens but not always. remembering 2008 .. do not forget that one lol !
very long term sighted holders flush and prepared to sit whilst using their remaining funds should stay content imo. one way to look at it and only if you agree with it is ... will you make as much money waiting for it to all come right or will you be better off elsewhere.
decision time once again for many.
imo always keep some powder dry. more left field events will occur. maybe to one's advantage if cashed but not if no readies remain available.
what would have happened if the port was not approved ? dare not to think about that one.
what I do think about is that the cash flow and clean cash at that should get the finance thro at some point.
misery in perth no doubt as to how the port has not turned this all around nicely but now the gloves are on to get the work done.
done imo it will be.
more time.
arghhhhhhhhhh. but this IS what investing teaches us.
patience. no rewards without homework and more patience.
ife and trf are online to produce. give us the money lol.
be good,
40.
ps imo the new year rally will be worth taking some or even a lot off the table. my thoughts here but we have had a tremendous run in the mkts past few yrs. with those bond rates moving into high gear it aint gonna be so easy to make dough as an investor. day tarder, short term trader maybe but it will be a bit toughter going forward until we have come back to reality. my opinion fwiw.
TRF Price at posting:
9.8¢ Sentiment: ST Buy Disclosure: Held
