http://www.fusioninvesting.com/2008/07/fusion-investing-buys-anz-bank/ Fusing Fundamental and Technical Analysis with lashings of Behavioural Finance. Investing in Australia and North America. Thu, 02 Feb 2012 06:57:27 +0000 hourly 1 http://wordpress.org/?v=3.2 http://www.fusioninvesting.com/2008/07/fusion-investing-buys-anz-bank/comment-page-1/#comment-66 Dean Morel Wed, 16 Jul 2008 04:24:55 +0000 http://www.fusioninvesting.com/blog/?p=88#comment-66 Forgot to mention the initial position in ANZ was 1,000 shares. Predictable bounce today, but I still expect lower prices. The great thing about initiating positions at wash out low points is that you then feel no pressure to chase any run-ups. I only bought less than half the ANZ shares and around 1/6 of the Australian financial shares I plan to accumulate. However, having a partial position removes the "I missed the boat feeling" which leads many investors to chase prices. Forgot to mention the initial position in ANZ was 1,000 shares. Predictable bounce today, but I still expect lower prices. The great thing about initiating positions at wash out low points is that you then feel no pressure to chase any run-ups. I only bought less than half the ANZ shares and around 1/6 of the Australian financial shares I plan to accumulate. However, having a partial position removes the “I missed the boat feeling” which leads many investors to chase prices.

]]>