ASX newbie

Always Expect The Unexpected. Up One Day, Down The Next.I fully expected the week to continue as it began. But true to form things never quite go according to plan

IMP stayed at the same price that I bought it and EGO did not go down to the sp that I wanted to buy back in at.
The surprise of the day was AEX which I have mentioned in past posts jumped by 20.45%. Although that sounds good all that has happened is that the sp has come back to what I paid for it originally. This was due to the correction we had in the market a while ago.

I did not implement a stop loss like I usually do because I wanted to hang onto this share. The reason for the break away from my plan (which I very rarely deviate from) is because I liked the potential of this company and what they are involved in. If you want any information on this (I know I am mean) you will have to do some research and come to your own conclusions.

Looking at the market in general, we are above the 50,000 mark. Whoopee! In other words I do not give a fig what the market (affectionately nicknamed “The HERD”) does.
What does concern me is what my short term stocks are doing. I have found that they don’t always follow what the market does. Just because the ASX went down does not mean your stocks will.

With regard to my long term shares, I check on them about once a week. You know what you have got anyway and invariably you are aware of what they are up to most of the time, that is if you keep up to date with their announcements etc. Now all that remains now is to see what Friday brings. Particularly in the last two hours of trading before closing time. .I haven’t a clue what will happen ,but I know it will be interesting.