Hi guys. Just a few points after having read all of the whinging on this thread.
1. Why did you buy SBL? Has anything changed?
2. How long does it take to drill and get results? It's a waiting game and every company I have traded has been the same.
3. Why is the sp going down? Without news sp's go down and then up on anticipation. Nothing new here.
4. When you buy into a stock you set stops. How far down are some of you guys? Whose fault is that? When the sp drops past a stop you get out. If you miss the rebound so be it. If you can buy back in cheaper then great.
5. Trading specs is a gamble, far more so than the midcaps etc. I've had my fair share of dusters and bad results and lack of info and etc etc etc. You just move on.
6. It appears that we have bottomed at 1.6-1.8.
7. Just sit tight and wait. No amount of whinging is going to speed things up.
Remember the rewards can be great but there is a big risk too.
I have been trading for 3 years now and have learned a lot in that time. I've also lost some $ in that time and made a little. But I have been in full control of my keyboard and the buy/sell buttons. In the end there's no-one to blame but myself. Don't believe in god so I can't blame him/her/it.
As for charts I won't post it here but over the last 5 days the OBV and money flow are distinctly negative and getting worse. Why? No news so punters go elsewhere to make a $.
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