Being right is easier than being right at the exact right moment. We will have to wait to see whether your instinct was right. I'm happy to forgo a possible say 4% further rise rather than risk say a possible 40% drop. Both will probably happen in the next few weeks - months. I'd rather be roughly right then specifically wrong.
Well 1% profit is better than 40% loss. If it drops 10% or 20% and I buy, then I've effectively made 10%. But I'll actually save 4% against my mortgage, which is the equivalent of a 6% profit after tax.
APT Price at posting:
$19.90 Sentiment: Sell Disclosure: Not Held
