Nps LtB - credit where credit is due - it's something that gets lost on alot of people - particularly during tough times, particularly during good times, particularly during sideways times.
Be it some sense of competition from other ASX listed entities, be it some sense of competition between FA and TA, be it some sense of competition between long-term holders and short-term holders.
I've been pretty open with how I've been trading MNM of late. I'm a longer-term holder who is shifting over more TA-based trading and is taking some time off work shortly to try it out full time. Given I'll be living off my trading I can't afford to keep all my cash tied up in long-term holdings. I have to free up my capital in order to trade more frequently and widely. My holding pales in comparison to some on here but it's still significant to me!
I was honest when I sold a small parcel of my shares at 8.3/8.4c on Jan 12. Does it mean I don't believe in MNM? No. Am I sorry? No.
I was honest when I sold another small parcel of my shares at 10c on Jan 23. Does it mean I don't believe in MNM? No? Am I sorry? No. I bought more back at 9.1c last Friday.
Nothing wrong with locking in some profits. Unrealised profits are just that, unrealised.
What I dislike are the people who come here one day 'woe is me, woe is me - the SP is down 0.1c - everyone should sell what a dog, then come back the next with a completely different attitude. It's disingenuous at best, flagrant manipulation at work.
What I dislike are the people who come on here after missing a great rise and try to talk everything down because they feel cheated that their stocks aren't rising 100%, or because they missed the boat on this rise. Classic examples (and not cross-promoting) are what happened with GCN, BNE, NMR. I didn't get onto any of those (and still haven't owned or traded any of them) but I'm not sour that I missed out on 4-5 baggers in a few days. Good on the people that did! That's awesome. Some take perverse pleasure is trying to bring people down when their up. Call it tall poppy syndrome, call it attention seeking, call it immature, call it pathetic, call it all those things. Get a life.
What I dislike is when someone takes the time to draw up, upload, post and comment on a chart they are immediately shot down and told how the fundamentals are so strong the only way is up. Well, I'm yet to see a stock go from 1c to $50 in a straight line - don't know about any of you. Classic example again in NMR - people (not me) taking the time out of their day to post charts, provide TA, only to get blasted by the 'true believers'. And look what happened there.
Everyone's just trying to make some money. Be it now, be it tomorrow, be it in 10 years. Personally, I think it's awesome when anyone makes some cash. I have no grudge against our friends on the other thread (other than their behaviour at times) but I hope they all make buckets of cash too. No point in hoping they fail - how does that benefit anyone?
Am considering giving forex a go - less emotion, less people 'emotionally invested', less people posting emotionally (myself included!).
Rant over...maybe I just need a drink.
MNM Price at posting:
10.4¢ Sentiment: Buy Disclosure: Held
