RDF redflex holdings limited

Paul,I was only citing PCL because of the psychology, it is not...

  1. 3,704 Posts.
    Paul,

    I was only citing PCL because of the psychology, it is not a good comparison company wise.

    I was trying to say that I had more than just profit/loss considerations when deciding to hang in there with PCL. I was actually fond of the acronym, I loved the three letters. I somehow believed it would just go up and up without asking why should it? When it started to decline I was in denial.

    I have had a lot of time to think about all this and I don't want to sound like a w@nker but if you can conquer yourself you can really win at share trading.

    I can see how much fondness you and hotrod have for RDF and I guess all I'm trying to say is pull back from loving the company and be objective about its share price.

    The 30 week MA is actually at about $2.40 for the weekly charts. If there is a solid close below this ON THE WEEKLY CHARTS then I would have my finger on the trigger. Maybe give it another week but if it still looks bad then take profits and buy back in later if you're wrong.

    Since we can't see into the future all we can go on is probablities and our balls.
 
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