Breaker, be carefull having a definate plan on when to get out. I bought my first parcel of AUT at 30c and if you told me that they may have doubled then I would have planned to sell then- 60c.
Due to learning, reading, asking and harassing smarter people I discovered that they may go higher, heck they may reach a $1. Continued learning and watched to my amazement Aut reach the levels that they are.
And even if you just read what has been reported in the past 2 weeks, you would be pretty confident of a stellar year ahead.
Could you imagine if i'd stuck to the plan of selling at 60c.
I know everyone's financials and trading strategies are different but I think it's un-wise to put definates on sells.
Mir, that was a great post.
Cheers
Buyers and sellers in the depth generally mean very little.
alex you must have a plan when to get in when to get out and stick to it there are plenty more shares
Assasin,I have found that with a target, the share does retrace and you can buy back in. I dont go much on fundamentals I have a plan to buy ,sell although I do get temptedlike AUT all my stops have been hit 10% paper loss but im still in
Breaker,
these small cap oilers would be difficult stocks to be in if your not interested in fundamentals.
However, your strategy obviously works for you. Good luck.
yep- working on that. removing all emotion from share buying is best. I'm learning to do it.
Although, sometimes i just cbf and ill buy if i know its going to do well (like AUT for example), still waiting for them to come down... they are slowly dropping but i doubt they will get low enough for my buy to kick in. I presume on monday they will rocket off and not be seen at these lows again.
Survived my first margin call and I'm still in!
ewwww makes me feel sick for you. Theres a lesson in that, big time.
Buyers and sellers in the depth generally mean very little.
You got a Margin Call on a spec stock that has run from 25c to $3.25 in 12 months?It's ok, just forced me to repay a bit of the loan which means my LVR won't jump around as much now. My fault for topping up at 3.30
You got a Margin Call on a spec stock that has run from 25c to $3.25 in 12 months?
You got a Margin Call on a spec stock that has run from 25c to $3.25 in 12 months?
Impossible.
It's doing amazingly well. What's the p/e?ITs hardly a spec anymore Kennas, its fundamentals are better then most the asx200..
Any one holding in by the seat of thier pants against margin calls, sorry to say it , but realistically you need to get burned to teach you a lesson. Margin loans are dangerous and imo, if you get burned by them, bad luck you deserve it. Its not like the dangers where never explained.
Margin loans are dangerous and welcome to the real world.
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