Ex divi and the last post6 Jun 2019 09:43
Ex divi today and a re-based hoorah shout from me even though the last post is playing in the background. Is that an omen or just a reminder that our share problems are nothing in comparison to past history being remembered today.
Sorry to here of your losses JackD, but you were always honest with your deals and reasoning and nothing wrong with a bit of de-risking. I must admit to not really understanding TA but just because I dont understand it doesnt mean that I will diss it completely. Dan's (is that better danieth) whilst fundamentals are important, the SP rarely ever shows the true value. It seems to follow over and under cycles depending on sentiment.
The charts posted earlier by Longish and Trendfriend, tell me where we have been. Im not sure how to extrapolate them or what happens when the trend lines cross? or is it the trend is your friend ...... until it isn't. I suppose it could "breakout" at some point but will it be up or down on that line?
I do see charts with resistance and support lines, again not sure how they are worked out but they do seem to correlate and I would rather buy at the bottom of that range than the top. It didnt work out really so far with Vod but there is still time. Hopefully that time will help me keep adding value one way or another, divis SP rises or relying on my other holdings to support whilst this is down.
This system does not always work I have a few "expensive lessons" on my books. Still it could be worse I could have sold up and put it all in Woodys fund!