Playing games with the big boys only gets your fingers burnt.
If you are a long term value fundamentalist you would have bought good stocks at good prices. eg PDN $1 mark, BHP in the $17 mark etc.
Only traders jump in and out of the market and it is a proven statistic that 95% of the traders lose. So the odds are stacked against you anyway.
If I jump in and out I will have to pay loads of tax and will miss the big gains. We all know this is not the end. This is the correction we had to have. So if you are a long termer eg waiting for PDN and ERA to hit $16 and $44 respectively there is no point getting out now.
The U demand is still high and will be high for a long time. So time in the market is the best. There will be a time to get out in the future but not now.
not good news people, page-17
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 (20min delay)
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Last
$40.54 |
Change
0.010(0.02%) |
Mkt cap ! $205.5B | |||
| Open | High | Low | Value | Volume |
| $40.70 | $40.76 | $40.48 | $40.34M | 988.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 375 | $40.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.55 | 3609 | 8 |
View Market Depth
| Last trade - 10.22am 30/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |