sp action for 1st week of feb, page-16

Steve,,"Well done CB but that is a risky move isn't it? How would you know what the movement range was yesterday to decide when to sell or buy?"

mate your not wrong.

I took the position to sellas I thought we may be on teh verge of another GFC ( or crash) and thought I would stop my looses.

So copped a loss on some shares and then fully cashed up I stood back and watched what was happening , I tried to get back in at the lower prices but could not. So I went in today with twice the quantity and am currently in profit, as soon as I am back to my previous cost basis I will off load half and get some money back.

Yes it was a very dangerous, but what do you do, CTP had dropped dramaticaly and may well have gone lower.

I really prefer to do my research and invest for the long term (in my case that is no longer than 4-5 years)

I am confident that my selctions will improve dramaticaly over that time.

I really dont need small amounts of money (ie $5,000 here and there) I am confident that I have selcted winners that will show 10 times return, in relation to CER I am really only in that for the potentail dividend, if they give a 8 or 9 cent dividend on todays prices I would be getting approx 40% return tax free each year plus capital gains.