Hi Extelecom,
just reading through the posts and catching up and hoping to post a bit more frequently.
Yes, there certainly is a lot of tweaking going on.
I still believe in the maxim 'keep it simple stupid'.
It's funny how a couple of years ago I was mainly setting up micro LD AIM accounts in speculative stocks where I'd put only $1000-$2000 as an opening amount then squeeze it for all it was worth, sometimes getting three times my initial amount from it.
That was a very low risk activity but also the reward is also curtailed if the price moves up immediately.
Now the environment has changed radically it seems to be the ideal time to be setting up micro LD-AIM accounts.
I think I have been lulled into thinking because the market is down 50% that I can set up larger AIM accounts, but who is to say that the market will not fall another 50%.
I missed out on a BHP buy as I placed my order too low down, this was a week or so ago when BHP closed on a Friday at about A$21, the US market got pummelled on the Friday and BHP was down about 12%. I did the calculation to see where it would open if hit by the same amount and placed an order in about $2-3 less than the close.
I was actually disappointed when it only moved down a small amount. I missed out.
Then when it called off the RIO takeover, BHP shot up.
Oh well maybe next time.
Regards
Neil
AI
