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What are your price thoughts?

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What are your price thoughts?

Post by Dirtbikepilot on Wed May 16, 2012 12:47 pm

What do you think? Will we see a drop into $26 or even further?
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Re: What are your price thoughts?

Post by Bulldog on Wed May 16, 2012 12:53 pm

Yeah I would not be surprised at all. There's a lot of grief out there at the moment and quiet a few domino's ready to fall over. I'm picking worse before better. An awful lot of funds pushing the US dollar, but that can't last.
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Re: What are your price thoughts?

Post by fukushima on Wed May 16, 2012 12:54 pm

Probably, but I don't know why. I think this price drop will shake some nervous hands, that will see the price drop even further.

Of course, the POS is really just a reflection of the paper market which is running in fright from the Greek sovereign debt crisis. It looks like they'll have to go to the polls over there, so that will not instill any confidence in the futures traders, as a result, I can't see the POS moving above $30 for a while.
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Re: What are your price thoughts?

Post by Dirtbikepilot on Wed May 16, 2012 1:00 pm

It is funny isn't it when you say the nervous hands. It is for this exact reason I will not sell. I don't care how long it takes.
There is no way in the world that I am going to walk away and lose money selling on a dip/fall/crash, but them again I am
in no hurry.
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Re: What are your price thoughts?

Post by fukushima on Wed May 16, 2012 1:08 pm

Dirtbikepilot wrote:It is funny isn't it when you say the nervous hands. It is for this exact reason I will not sell. I don't care how long it takes.
There is no way in the world that I am going to walk away and lose money selling on a dip/fall/crash, but them again I am
in no hurry.

Wink If you read all the investment books, that DBP is one of the fundamental errors that many investors make. They sell their best performing investments to realise a profit (usually too early) and hold on to (usually too long) their poorer performing assets in the hope of regaining their capital.

I am doing the same. afro

Damn, you can't see my fro.
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Re: What are your price thoughts?

Post by Dirtbikepilot on Wed May 16, 2012 1:14 pm

No I can see it. Nice fro bro.

PM's were always going to be long term for me anyway, unless they did hit the moon, then it would be all gone.
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Re: What are your price thoughts?

Post by Bulldog on Wed May 16, 2012 1:19 pm

Yep the stockmarket has changed dramatically, never to be the same. Buy and hold investors like me will get burnt. the longer we leave it the less we'll receive back. I hold some junior miners that have been dropping steadily for 8 weeks or more, they look great buys on paper but where do you draw the line.
There's only a couple of grand in all of them but I just cant seem to pull the trigger.
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Re: What are your price thoughts?

Post by fukushima on Wed May 16, 2012 10:34 pm

Bulldog wrote:Yep the stockmarket has changed dramatically, never to be the same. Buy and hold investors like me will get burnt. the longer we leave it the less we'll receive back. I hold some junior miners that have been dropping steadily for 8 weeks or more, they look great buys on paper but where do you draw the line.
There's only a couple of grand in all of them but I just cant seem to pull the trigger.

Picture what it may look like in 6 months, that may help you to move.
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Re: What are your price thoughts?

Post by Dirtbikepilot on Wed May 16, 2012 11:33 pm

Yep, I'm in the same boat as you with my shares. The last thing I want to do is sell when they are down so bad.
Majority are mining so figure/hope that they will rebound with the metal prices. The day I pull the trigger and
get rid of them is the day they will rebound and go through the roof. I know this is the wrong way to think
but it is hard not to. I have a less than 20% exposure to shares so even a total failure Isn't too bad overall.
However I was hoping for some profits somewhere. Rolling Eyes
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Re: What are your price thoughts?

Post by fukushima on Thu May 17, 2012 12:24 am

Dirtbikepilot wrote:
Majority are mining so figure/hope that they will rebound with the metal prices. The day I pull the trigger and
get rid of them is the day they will rebound and go through the roof.

Probably not in the foreseeable future.
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Thu May 17, 2012 4:49 am

$27 bottom . So this is it.
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Re: What are your price thoughts?

Post by alexisio on Thu May 17, 2012 5:11 am

On the up AGAIN.
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Re: What are your price thoughts?

Post by fukushima on Fri May 18, 2012 10:27 pm

fukushima wrote:I can't see the POS moving above $30 for a while.

I should make predictions more often. It's getting close.
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Sun May 20, 2012 2:52 am

Usually the price is tanked on Friday afternoon before the market closes.
But this week it was still rising as it closed.
What does this mean? The brakes are off now?
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Re: What are your price thoughts?

Post by Dirtbikepilot on Sun May 20, 2012 3:27 am

It probably had to come down a little so they could attach the booster rockets cyclops
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Re: What are your price thoughts?

Post by alexisio on Sun May 20, 2012 6:53 am

You all had nearly $50 an ounce, should of sold out then! What you want $100?
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Re: What are your price thoughts?

Post by fukushima on Sun May 20, 2012 10:03 pm

Today will be an interesting day. Looking forward to seeing which way the market moves.
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Re: What are your price thoughts?

Post by alexisio on Mon May 21, 2012 12:09 am

fukushima wrote:Today will be an interesting day. Looking forward to seeing which way the market moves.
I am thinking it will go up ,if not, then it will go down.
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Mon May 21, 2012 4:16 am

if it goes up late friday i suspect its about to go up in a hurry on monday.
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Tue May 22, 2012 4:16 am

So much for that reasoning. However I do think its about to fly up to $40 and beyond in the next month or 2
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Re: What are your price thoughts?

Post by alexisio on Tue May 22, 2012 5:27 am

Pigs Fly an Dogs dont Shit
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Re: What are your price thoughts?

Post by fukushima on Wed May 23, 2012 7:24 am

fukushima wrote: I can't see the POS moving above $30 for a while.

Stupid omnipotent prophet. I might just have to hex myself.

fuku
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Thu May 24, 2012 5:59 am

fukushima wrote:
fukushima wrote: I can't see the POS moving above $30 for a while.

Stupid omnipotent prophet. I might just have to hex myself.

fuku

I wouldnt count your chickens. I smell a big hike in the price on the wind.

George Negus came to look at my caravan for sale. I was tempted to ask him why he doesnt put the Vatican takeover of Australia on 60 minutes. Its big news and noone knows about it.
But was concerned the controversy might impact the sale. My principles only go so far.
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu May 24, 2012 7:11 am

I think that was a wise decision. Did he buy the van?
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Re: What are your price thoughts?

Post by alexisio on Thu May 24, 2012 9:31 am

This is useless information, give me something i can get my teeth (sorry tooth) into! Had to give up hotdogs couldnt bite them anymore, and sucking wasnt an option.
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Re: What are your price thoughts?

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