Forum Archive Index - March 2001

["John and Beth Schwartfeger" <timestwo@xtra.co.nz>]

Reason why I exited today instead of yesterday? Simple. Yesterday and earlier days I felt CEN was holding up at reasonable levels and maybe at last the price is going to hold and maybe rise. Today I didn't get to my puter before seeing the level just prior to closing and I have seen so often in my short time in the share market (to my disadvantage) that often a fall of a reasonable size with bad press can be the start of a big fall. FSS is a classic. Who at 92 cents a share knew within a week or two it would be in the 20 cent region? I watched it drop thinking it can't go any lower. Now I hold shares I could have sold at a 44% profit sitting at around the same level only in a loss position. Can you guarantee me CEN isn't going the same way? When to sell is purely guesswork. Hence I sold today at the first chance I got once I was aware of bad press. Sure...  Yesterday I could have made a few more grand on the sale. But..  Yesterday I didn't have any reason to suspect negative press was coming out. If it drops down to it's low $2.50 levels again very soon then I would say I sold at the right time.If not on the top. Here's hoping.:))))

Cheers...John

PS. I remember previous posts not to long ago in here suggesting CEN would be at or below $2 a share. Sure tis a guessing game.