Well, there's been a lot of comment these last two days. What Stocktrader is saying [to me] is that the short term trade is over, and I agree with him. The long term fundamentals have not changed and I continue to hold my LT parcel. Plan the trade then trade the plan.
There was also a comment above about "Perth", which while sounding petulant was IMO a reference to the apparent insider trading in the past week.
Let's take stock for the LT'ers. The SP has moved from where it was stuck around 1.5c to over 4c. It might go down further in the ST but I can't see it below 3. Newsflow will move from here, the options are a distraction.
I don't do intraday, I don't have the time. Therefore I take a medium to long term and select stocks appropriately. Some here give advice - from their point of view and trading style - we need to translate to our own.
So - do your own research, make a plan, then stick to it. Don't be put off by the noise.
Oh, and always have a stop-loss.
Scorp.
