General discussion (MEI), page-4189

Yes I did, but bought back today at 20. I wasn't totally convinced as most of resource, risk-on assets are in strife. But I usually try to play level to level, so gave it a go.

Regarding how low it can go? Nobody knows. We can all speculate, some will get it right, others not. More luck than brilliance.

But I will definetly exit tomorrow, if 20 is not looking like holding. As I have said price action is important for me and I follow that most. Also after 2022 big collapse of market, even in the last Weekly Report in the weekend, I have mentioned now I try to minimise a loss rather than maximise a gain.

If I look thru the numbers, last number I get is 14 from May 2022 when it was coming down after making a new ATH at 19.5. Whether it goes there or not I don't know, but I will wait for that, or if it reverses from somewhere above, then if I had sold, I will try to buy back around this 20 (+/-) level. Lets see what's in store. Many long termers here and I don't think they would have worry about these numbers. Hopefully it comes back from here, it has done a number of times, but every time is also a new instance. All the best.

Here is last Weekly Report, in case you want to have a look.

https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-71981275
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