If you can hold it is no worries just take a little longer and you don't "need to pray" as it won't make no difference but timing the market is possible not completely true but one can try to be as close as humanely possible. When AWC got to under 1.50 people were selling instead of buying and I did nothing till it started to cross 1.50 and move up with it and sold out and happy with 14cent profit. Now I would wait again at what point I don't know myself it all depends on what the market is at and telling me next. Normally US call the shot and still does but times like this where there are other factors, sentiment will drive the price and people still try to make a "kill" with every trade that they do but rarely it happens that way in real life. Small prawns taste sweeter than the big ones, this market is very dangerous and will kill traders who are not prepared, small profits will do me at this time and it is good for our mind, there are always other times and that is the only sure thing in the market!! There are a few specialists that move with every tick up or down but I am happy to stick to my game and let others take advantage with this market if they are capable of. Greed will eventualy destroy traders, so it is time to stay humble and market is always right and bigger than any traders out there. AWC is a great company and the same company now or three months ago so anyone that got trapped and can hold and did not sell out will be ok plus it may be a target for bigger rivals.
Cheers,
AWC Price at posting:
$1.63 Sentiment: None Disclosure: Not Held
