Being new to share trading, but having a limited understanding of value, I confess to being a little confussed at the current share price movements.
Everything seems to be occuring 'arse about' - Good news and the share price goes down - bad/benign news and the share price goes up or side ways. ASX goes up and US goes down - US goes up and ASX goes down.
And this is not just Samson - it seems to be happening a few of my shares.
I am not overly concerned because I know that longer term it will rise. But I would like to understand the psychology of the current market because I could have sold and re-purchased in lower rather than thinking 'dont sell today, it will bounce tomorrow' as obviously the more enlighten traders are doing.
Any 'IMHO" thoughts would be appreciated - Will not take as gospel but rather with a 'grain of salt' as I do with all post on this thread.
Thanks
Mezz
SSN Price at posting:
6.8¢ Sentiment: LT Buy Disclosure: Held