Selling Ausgroup
Selling Ausgroup at 43 looks like a bad decision. After my sale, it went up to a high of 48 cents today. However, judging by the chart below, it is due for some correction soon.RSI and ADX is exceedingly high. ADX is an indicator that i used alot. judging from this, when ADX cuts +DI, its an indication to me that the trend will not continue for long. Lets hope my decision is correct.
Related posts:
- Ausgroup 24 Aug
- AusGroup’s interview with Dow Jones
- Ausgroup getting a re-rating?
- Selling my Starhub Samsung LCD TV Monitor
- A perspective on short selling by Jim Chanos
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Comments
hi drizzt
looks like you are quite a short term investor.
you missed the oil and gas run by selling aus group 
Hi daniel, its not your cost of labor article. its the technicals that allows me to sell into strength. i do not know enough about this company.
hi aragorn,
when did this oil and gas run start? why is SPC still languishing?
The price that i pay for it is not really cheap. Whether it is still far from the fair value i do not know. I do not like the idea of holding something just because i made a wrong decision and now its better i just sit back for the ride, see where it takes me.
I view capital as something much more rare and limited. In that way, I hope to invest in only my best decisions and not just anyhow punt here and there.
regards.
we’ll I bought Ausgroup at 35c.Still holding. i work in a marine industry building rigs. rigs just gets coming in.
I predict Ausgroup will go much higher
Hello Drizzt,
My article on the labour costs might have influenced your decision? The market is random in the short term, we’ll see how things go