Forum Archive Index - May 2004

["PC" <sharechat01@acarda.com>]

Greetings

The past few weeks I have watch most of my exciting Australian shares
(mainly mining and oil) go down and down, funny enough my "boring" New
Zealand shares have gained ground.  One example is ASX:BRW which not long
ago I brought for what I thought an ok buy of 5.6c, today is 3.8c.

So my question is at what point to you more experienced people sell at?  How
do you determine when you should bail and when you should ride it out? Lets
assume that there is no logical reason from the fundamentals and that its
business as usual for the company. And can we consider two cases:
Case 1. shares are just dropping 2-3% each day, a slow steady drop.  Do you
set a point where you will bail?
Case 2. the entire market is in a serious dive.  I have been wondering if
their was major crash do you bail fast and sell everything or do you just
hold on and hope that in 6 months things will recover?  Do you set point on
some index and if the market starts to drop more than x% in a day you decide
that's the point you sell everything?

Any theories and ideas please share, Pete C



----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/