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16/11/18
21:51
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Originally posted by Malaga
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No matter how long you been around you still learn something from the markets.
Lesson's this week
It is not what is in a company announcement it is how the market react. BIT released a non price sensitive anns about a presentation so the punters run with it and up 110% then down next day and another run day after. Some good drill results PEX and AMG and not much follow up.
Emotions reading FTT and POH you had to feel for some big losses. load up big before results and go to church to pray for a good result. In one sense you feel for them but you scream you f/idiots .
Anyway WA finally got some GST relief our share has been below 70 cents for 9 years. Hopefully property market can pick up. Selling 2 properties, renovating another to move into and trading from 7 - 1pm.
Pressure what pressure
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I was watching this very clip today @Malaga ! In WA also suffering from market pressure with 2 properties underwater. Now selling my dream home to go and live in one of the rentals to make sense of the finances.