Cheers, I got back in at $3.77. I took a small profit the other day- the macro was pointing to the SP falling again. This is a small holding this time- with room to average down later if appropriate.
Why did I sell? What do you do if you think that share prices will fall? You could sit on cash and wait for the fall- but then it can hit the bottom and rise again before you know it- and you miss the chance to profit from the fall. I prefer to have some cash- and to trade as share prices are falling- find that better than just waiting for the bottom. Something like that.
US 10 year bond rates are on a tear. Our rates will need to follow suit, and they are, otherwise the Australian dollar will fall- that means imports become more expensive- more inflation- and more expensive to borrow from overseas- as our institutions do.
Looking like our markets could struggle again tomorrow. Happy to have cash- so I do not mind a red day.
IMHO DYOR
SGP Price at posting:
$3.77 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)