back of the envelope musings, page-45

I hold GBG thru my Super....I have put in a request for a buy today....the super fund does all transactions (buy-sell) on Tuesdays only....hope this one sits around this mark till then...cannot see it moving any higher if the rest of the market is shifty....this will move with the market sentiment for the next few weeks till any significant news is out....till then I do not see it gallopping away on its own....safe to buy for now if the general market sentiment is just going to simmer as today and not over-react to any PIGS news or GS case news....

Happy to wait for a couple of weeks or more for the next buy as the general market sentiment in May / June always provides a few opportunities to buy cheap...may run down to $1.1 as discussed in the thread earlier....but I am not going to wait for that to happen....

we have had more than 5% drop on the overall index....if things stagnate, it may remain in this range for a week or so...if things deteriorate another 5% drop is very likely and that 10% drop will improve market health for the longer run ahead....