I keep telling myself. When you hear people in the streets,...

I keep telling myself. When you hear people in the streets, office, taxi drivers, friends, mummy and daddy investors gossiping amongst themselves that they are buying shares, it would mean otherwise, i tell myself it is the time to sell. Likewise, investors now are in panic mode, selling their shares away, which i believe would then be a time to buy amidst all odds. That of course, depending on the company, sector and fundamentals in a long term perspective.

Index has already broken the 3900 support, where possible testing or correction to a primary 3100 support.

Interesting articles for consideration:

1) "Australia, N.Z. Dollars Fall on Rate Outlook, Commodity Slide"
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRW6HcgTDqv4

- Australia’s currency fell to the lowest this month against the dollar and the yen as prices declined for raw materials, which generate more than half of the countries’ export earnings
- From a global perspective, markets have been far too aggressive in pricing in expectations of tightening

2) "Crude Oil Declines as World Bank Predicts a Deeper Recession"
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aK1V8ZZAyNqk

- Even if there is violent regime change in Iran, we would not at all jump to the conclusion that crude production and exports would be shut down,” the report said
- Oil was also hurt by the strengthening dollar, dulling the need for investors to buy commodities as an inflation hedge. The World Bank projects the global economy will contract 2.9 percent this year, more than its previously forecast decline of 1.7 percent

3) "Insiders Exit Shares at the Fastest Pace in Two Years"
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZM7ELx.MYw

- Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago.
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Still holding on to my NXS, i entered pretty early so i am still in the green. Keeping a war chest of cash to take advantage of further falls if there are.

Hope 37c holds up (around the price directors bought on market), for there is selling pressure to come if DOW doesn't hold... I think these are bargain basement prices in the 30s weighing up the risk. What catches my eye is that NXS is still trading significantly under NPV, income to come in, further we are sitting on the seats for future high oil prices in the long run. Potential is there, but the Share is just not fair.

Anyway, enough of my ramblings, back to work. =P
All the best to all holders