Originally posted by Hingdog
To be honest, the numbers in their results announcement that started the selling looked quite good to me but I've learnt over the years that Bryce Edwards SFAQL rule is worth following so I sold with everyone else. The rule is, if the market is selling news on a stock on volume, "sell first, ask questions later". You'll get caught out selling a stock that turns around and rebounds hard occasionally but more often than not you'll be much better off getting out. In this case there's been some 40% wiped off the value of the company which is a 70% gain to be made on the way back up clear.png
I just noticed I haven't changed my disclosure, it's not held
The question is, when do you buy back? When the market panic buys? Obviously you can't beat the machine algos to the punch!