Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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Ebenyo wrote:karasinga wrote:sparkly wrote:Ebenyo wrote:moneydust wrote:karasinga wrote:moneydust wrote:[quote=hisah]@moneydust from a TA perspective if this counter closes the month above the 6.00 handle, that will be an awesome reversal in favour of the bulls. @hisah I guess the question now is 'Does one hold or sell to get in at a lower entry point??'  I know hisah will answer this better. If I may comment, your question drives us back to your trading plan. What does you trading plan say about your situation? if hold, please do. if sell, you should have done that already. if no plan... sit down and make one...(no offense). Trust me, it will really help [/quote I would like to hold this share for the long term.My average buying price is 6.50.I am cognisant of the fact that the market is bearish, and therefore the recent Kengen rally might be temporary.Since I would not wish to inject morecash in this counter,I would think if the share is headed lower in the short term,I should sell now @6.30-6.50,make a slight loss but in a few months enter at a lower price of sub 5.50. In the process I would end up with more shares than I currently have without adding cash. The only question is if the share is going to go to the lows am talking about,therein lies my dilemma. Th best decision here is to wait for that low price.Since your abp is 6.50,you will bring it down to 5.85 by buying at 5.50 and that will be helpful to you in future. Karasinga has confirmed that the current rally is shortlived.So wait for the prices to come down and buy.This way is stress free then your idea of trying to time the market.You will easily get burnt Timing the market is a waste of energy. If you belief a share is undervalued then buy. Personally I buy if the share has an upside of 50% or more. Please do not quote me. What I said was nothing but my opinion. I might be wrong you know... DO YOUR DUE DILIGENCE. might need to be careful what I write or gradualy avoid it... no kidding best wishes Karasinga dont worry about me.Im a long term investor.My decisions are based mainly on fundamentals and not price movements.But i appreciate your work here.Its very informative. I make my own decisions alone. fair enough ebenyo. Something to be mindful of; last 3 trading days have volume price anomalies- doji's with above average volume near a supply zone. Does it sound like accumulation or distribution? best wishes It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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