Yes, I sold out today for three reasons:
1. Hedging at around 1300usd will limit revenue as the POG climbs higher;
2. The sp has had a good run lately (over 30% in the past month) and has just spiked (RSI is well over 80%)
3. Resistance late 2012 at this price ($3.50 AUD) will IMO provide some resistance (for next week at least)
But I do like this company (which is why I bought into it in the first place) and so plan to come back in once its price dips again.
BC
- Forums
- ASX - By Stock
- Looking good
Yes, I sold out today for three reasons: 1. Hedging at around...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)