have a look at what BHP and RIO and the other mining stocks did over night. the dow has little effect on our mining stocks...you see almost every day we buck the trend.SevenFX said:
SevenFX said:
even though at the moment, its horribly wrong.SevenFX said:
correct, if the market was logical, we would be millionaresSevenFX said:Yeah it is, but I know what you guys said made good sense, even though the market doesn't always make sense.
Or we would ALL be rich..
Could it possibly be that investors and traders in Australia are fearing a pull-back in the Dow? Because that's what is really holding me back from buying into stocks. But then again, everytime I've expected one, the Dow just keeps going up.kennas said:I see money going out of general market and into gold, uranium and still zinc. Maybe. XJO only down slightly really. On the other hand traders will be itching for a reason to take profits very soon. Perhaps a downdraft anywhere will be an excuse. Hhhmm, is that on the fence enough.
scsl said:Could it possibly be that investors and traders in Australia are fearing a pull-back in the Dow? Because that's what is really holding me back from buying into stocks. But then again, everytime I've expected one, the Dow just keeps going up.
at least we were right when we bought some at 2.75 kennas. unfortunately i ditched them soon after.kennas said:
spitrader1 said:
don't you crazy brokers say? One of the first things my little bro (broker) told me. I use that psychology to assist when I make the blunder of not letting profits run, whatever that means!its so hard to take a stock off ure watchlist, even if you dont have a position in it. Its the age old mistake of falling in love with a stock. Its one of the biggest traps around.kennas said:'Any profit's a good profit',
It does seem to be a very well entrenched ST resistance line - LHG could be shaping up as a classic volume dirven breakout - might trumpet a move a day or two prior to a serious movement, to be exaserbated by people trading the pennant break.kennas said:
Still might be a chance to get in there at around $2.70 MM. I'd wait and see where it goes for the minute. POG needs to get back above $620 for LHG to keep climbing. The support lines seen on the LHG chart are good points to be buying in the short term. (And selling at the resistance lines!) Gold hasn't started a new uptrend IMO yet so might be worth waiting. Just my opinion though. There's lots of opinions out there that gold is heading down, just need to balance them all out and make your own call.The Mint Man said:Considering POG has come down under $620, how do you see LHG fairing over the next week or so?
Ive got my eye on them real close just waiting for them to come down a bit more then I'll buy..... Should have just bought at $2.72 2 weeks ago
cheers
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