Hmmm, a big bite at 65c fails to excite me. If find it equally frustrating and astonishing that the INTEL announcement has had zero positive impact on the price. I can fully understand why investors without access to the 1000 eyes research would be at their wits end here and prepared to cut their losses.
Macro conditions need to turn around.
“Macro conditions need to turn around.”
They will.
Most economic indicators seem to cycle within certain parameters.
But wishing or banking on the frequency of the occurrence is where I have come a cropper in the past.
Running too close to the wind, without adequate reserves, and so having my actions forced by external influences. Basically gambling.
Accepting that I cannot reliably or accurately predict these phenomena I now ensure that I can wait out periods where the market is against me by controlling my expenditure, establishing and following my budget and living within my adjusted means.
In essence, I live off my reserves, holding and where possible taking advantage of the bargain prices available for sound stocks in well run companies like BRN, that I believe are trading well below their intrinsic and potential value.
As someone famous here has suggested, I’m no longer trying to ‘time the market.’
I have merely established my position and am now calmly and patiently awaiting the market to catch up to my understanding.
I hope (and don’t believe it will take so long), but can comfortably wait another seven years if required and longer still if necessary.
It’s not quite set and forget, I keep my finger on the pulse and frequently run scenario’s and have thought through as many of the what if’s that I can imagine, but these days I’m stressing less regarding the day to day fluctuations.
‘Pantene etc, etc.
AKIDA BALLISTA
AKIDA EVERYWHERE
GLTAH