Totally agree on your bull trap comments.The economic damage is far worse than markets have factored in. Deliberately sitting on 30% cash and holding more than half my portfolio in gold stocks and just sitting on my other stocks but if they continue to rise I may have to sell down some and bank some profits, before the second downward leg happens.
I have been selling some WAF at 80 cents in wifes super to rebalance and have picked up some WAF at 75.5 and 78.5 in my own super, so this rebalancing has been a profit making exercise and has me thinking if I should allocate about 20% of my holdings for short term trading opportunities? Or do I just continue my habit of holding long and rebalancing from time to time.
If we do get another leg down, I dont think we will see a sell off in gold stocks like with the first crash as there is less panic from holders this time.
Will be buying when it happens.
Christopher
Totally agree on your bull trap comments.The economic damage is...
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Last
$1.43 |
Change
-0.013(0.87%) |
Mkt cap ! $1.469B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.45 | $1.43 | $1.788M | 1.242M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 12595 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 14182 | 9 |
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| Last trade - 10.56am 20/06/2024 (20 minute delay) ? |
| WAF (ASX) Chart |