- Joined
- 22 July 2006
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- 1
True it failed to reach the expected target. We are dealing with probabilities here. There are no certainties in the market. But realizing that this is not going to happen and having the ability to recognize that this market is now churning, helps a lot. Maybe you should practice this, it might actually help you one day.
If my memory serves me correct you acted in much the same way with Zinc and Zinifex earlier on in the year, cocky and arrogant initially only to be silenced after a few weeks.
I'll take up your offer for the bet, but make it $50 instead of 50c
I've only held ZFX for a very small amount of the year, and they were one of the first I sold this calendar year. And I have been bearish most base metals for most of the year. I don't hold OXR, so have nothing to lose/ gain. Just asking about possible variable wave counts 'tis all.If my memory serves me correct you acted in much the same way with Zinc and Zinifex earlier on in the year, cocky and arrogant initially only to be silenced after a few weeks.
I'll take up your offer for the bet, but make it $50 instead of 50c
I've only held ZFX for a very small amount of the year, and they were one of the first I sold this calendar year. And I have been bearish most base metals for most of the year. I don't hold OXR, so have nothing to lose/ gain. Just asking about possible variable wave counts 'tis all.
And if OXR goes below 2.50/ 2.60 from here, I think I'll need that 50 bucks.
I don't know where things are going with the precision you do, but I know a thing or two about position sizing, and not going to risk more I can afford to lose. Lol!
Are you serious Chops?Just wondering if this count is now invalid...
Did you expect this to happen? Given you were waaaayyyyy off the mark. Could it just be that this is a part of an early wave in the broader wave 5 pattern? And by my reckoning, if that is so that it couldn't lead it to go below 2.60.
So I'll bet you 50c it gets to 4.50 before it closes lower than 2.60:
That's not what you told me! Hahahaha! (Just Kidding!)I don't know where anything is going with precision or certainty.
It will happen on the day after preceeding events inevitably make it so that the best of all possible worlds brings it into existence.Why not make your bet a little more interesting and precise. Give the exact date OXR hits $4.50, I’d like to see that!
Nicks, it's a sea of red out there buddy. OXR isn't a BHP or a RIO. Yet. They might have half the international cred. So, BHP off 4%, OXR off 8%. Done! Anything slightly speculative is getting whipped. Heggarty probably doesn't help too much. He's the biggest ramper on the planet and everyone knows it. It's hard to tell where the fundamentals start sometimes with OXR, and it's why I have only ever short term traded it.Can anyone offer some fundamental thoughts as to why OXR is getting so hammered?
Would appreciate it so I can start some thinking of my own as to whats going on, because at the moment I have no idea why this good stock is taking a beating.
Thankyou
Can anyone offer some fundamental thoughts as to why OXR is getting so hammered?
Would appreciate it so I can start some thinking of my own as to whats going on, because at the moment I have no idea why this good stock is taking a beating.
Thankyou
No Bear yet WP. Correction to date. Might end up turning into a bear, but who's to say right now? Even the funnymentalists can't agree. I think today is just emotional panick. I'm still thinking LONG term the bull is in tact, and therefore LONG term this is a good play. I haven't bought any for the investment portfolio yet though.Simple Nicks... It's called a bear market.
No Bear yet WP. Correction to date. Might end up turning into a bear, but who's to say right now? Even the funnymentalists can't agree. I think today is just emotional panick. I'm still thinking LONG term the bull is in tact, and therefore LONG term this is a good play. I haven't bought any for the investment portfolio yet though.:
I think we're just arguing semantics now which isn't healthy. As I said, it might turn into a bear, but it's not yet. We need to be talking about bears and bulls also, and not corrections and crashes which are different things. I think right now people are just thinking market correction, or crash. Does that necessarily mean bear? Not sure. Maybe we're thinking different things.That depends what one classes as a bear market. Amongst most professionals that number is a decline of 15% or greater on the index. Sure we are not there yet.
I think we're just arguing semantics now which isn't healthy. As I said, it might turn into a bear, but it's not yet. We need to be talking about bears and bulls also, and not corrections and crashes which are different things. I think right now people are just thinking market correction, or crash. Does that necessarily mean bear? Not sure. Maybe we're thinking different things.
Well, I have to defer to Wiki:So out of curiosity what signs you are looking for to convince you that this is a bear market kennas?
BTW in my eyes:-
Large Correction = bear
Crash = bear
Bear market:
Prices fluctuate constantly on the open market; a bear market is not a simple decline, but a substantial drop in the prices of a range of issues over a defined period of time. By one common definition, a bear market is marked by a price decline of 20% or more in a key stock market index from a recent peak over a 12-month period. However, no consensual definition of a bear market exists to clearly differentiate a primary market trend from a secondary market trend.
Well, I have to defer to Wiki:
So, 20% + over a year or so. If it drops 20% and recovers in a few weeks or months, then it's not a bear, but a crash and recovery.
Perhaps there's a subtle difference in there somewhere. Something about who's driving the fall...to change it from 'correction/crash' to 'bear'. :dunno:
Hi Ken,kennas i think OXR would have hit some margin calls today.
they have a 70% lending ratio.
so no doubt there was forced selling.
just my opinion.
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