Australian (ASX) Stock Market Forum

How many members are jumping ship today?

Why? Because of the partial recovery in some stocks?

I am taking the opportunity to offload some of my holdings, but only a small amount. They're stocks I had intended to offload anyway, just doing it a little sooner and with less or zero profit (but never at a loss); so I can free up cash for some bargain hunting.

I suppose you're taking the current situation lightly... how much further do you think the XAO will go down?
 
I suppose you're taking the current situation lightly... how much further do you think the XAO will go down?

No, I'm not taking it lightly, overall I'm in the red.

Am I worried about the XAO? Yes.

However I'm more of a fundamentalist, and also hold for long. I buy into companies because I like their performance, and sell if I don't like their performance or I want to trim my portfolio. SP obviously plays a factor, but it's not the only factor. Of course I get upset when SPs fall ... but I get annoyed mostly because I could have bought in cheaper, not because of a fall in value of the SP. Majority of my holdings are in dividend-paying stocks, so I get the same return (if I don't, then I sell). The next largest group are those like NMS, AOE etc - emerging companies with a solid footing (IMHO). And way down the bottom are speccies ... and I am waiting patiently to get rid of them ... many were gambles I shouldn't have made, but I know better now.

So it's really only that last group - the speccies - that SP falls worry me the most.
 
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