Reports will be positive..................I recall the confident tone of the Pasminco reports as I averaged down.....................Then lost the lot.
I hope were not talking about a couple of grand here. Because I couldnt be bothered offering advice over the price of a weekend away.
Firstly placing an arbitary time frame like 6 months is futile....Its all about price action.
Bad news Youre geared. Good news youre indicating that you can meet the calls. You must NOW decide on an exit point.Im not joking. Get some wantons face the worst and stick that in your plan. We all take haircuts youre not the first.
Ok thats all the armageddon stuff on a spooky day. If this share was friendless it would be a lot lower than it currently is. Its actually hanging in their quite well.Its probable that this is not the start of a market retrace 1930 style. Trend scmend, the time frames on the recovery from the dump are almost twice as long as opposed to those back then(the correlation is highly dubious). Watch today and if a cascade of bad news flows in from overseas markets that data need to go into your trading risk model(ie the RISK starts increasing)
Hold on and I think the PROBABILTY is that all will be well. Its like Deal or no deal mate,its just about gambling with probabilitys.
GOODLUCK.
MRE Price at posting:
71.5¢ Sentiment: None Disclosure: Not Held
