Nice sale Faramir..
Another year of "one-offs" for NVT will further suppress the share price, looks like you got out at the best time given your situation!
Hope your partner is doing better.
RIP Pixel.
One of the good guys.
Pixel corresponded with me over email a few years ago and wrote an important code for the spreadsheet I use to this day!
Well it is not so much a justification, in my mind it is more around making a decision to optimise your situation from a financial perspective.
If you sell (legitimately! - rather than for blatant tax wash purposes), you can make the decision about whether or not you really want your capital...
Additionally, the value of the capital loss for tax purposes is not to be overlooked.
At worst it gives you some time to form a clear unbiased opinion of the stock while your flat. If the price goes up a little - no big deal as the tax asset should more than cover it.
However, the bigger...
With some uncertainty regarding the ASIC settlement removed price continued to move higher this week. Volume hasn't risen significantly and this rally could be killed quickly with some "give me my damn money back" traders who have been bagholding since the rude October gapdown.
Quarterly numbers look good and were enough to bust the recent seller keeping a cap on this one at 140. Intra-day action indicated that this seller moved up at 150 with a bit of volume done there and price being held under for now.
I've taken an early position and will look to add on strength.
Agree Lone Wolf.
I actually typed up a response last night but decided against posting it...
But essentially, it's not about following the exact stocks.
It's about understanding the process and watching it play out over a variety of market conditions.
I got into trading after discovering the...
The chartists might be pondering whether TGA poses as a good reversal candidate.
A nice consolidation and break over 80c. The candle today wasn't overly convincing but it's certainly doing well in a downwards market this week.
The FUM going into this sector is aggressive and consistent. I did note a negative was that they have faced a reduction in the margin beyond what the prospectus had forecast, although this is explained by the onboarding of bigger clients... clearly a worthy trade-off.
Great work Moose.
I think keeping analytics and charting them as you have is one of the most constructive things a trader can do to stay on the 'improvement train'.
Pretty astonishing volume of over 4.2m traded today and price down over 10% on the back of JP Morgan cutting their price target from $5.00 to $3.43.
Yes precisely $3.43 ;)
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