Comments on: Blah Blah Blah – Friend or Foe http://www.fusioninvesting.com/2009/08/blah-blah-blah-friend-or-foe/ 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 By: Dean Morel http://www.fusioninvesting.com/2009/08/blah-blah-blah-friend-or-foe/comment-page-1/#comment-1097 Dean Morel Sat, 15 Aug 2009 09:15:22 +0000 http://www.fusioninvesting.com/?p=2959#comment-1097 I was surprised to find a sale note for Mac in my inbox this morning. I placed a sell on half our position, which for those keeping score is 30% of our recent total as I sold 40% a week or two back. Here it is, three weeks ago, how times flies, http://www.fusioninvesting.com/2009/07/ahead-of-the-buffett-curve/ I was surprised as I placed a limit order just above the bid yesterday, after I published this post. The share price proceeded to fall away and I checked occasionally through the day, but it was always lower than my limit, except it seems for fifteen minutes late in the day. With some heavy selling on US markets on Friday, I'm glad to have a little more in the bank.The amazing thing about the sell-off was the attribution to a weak consumer. Like doh! Surely no-one seriously thought the US consumer was gonna come to the rescue. Yeah they'll keep buying stuff and there's some pent up demand, but without their housebooks the party is not going to continue. As some smart guy once said, <strong>the markets don't reflect the news, the news reflects the markets</strong>. I was surprised to find a sale note for Mac in my inbox this morning. I placed a sell on half our position, which for those keeping score is 30% of our recent total as I sold 40% a week or two back. Here it is, three weeks ago, how times flies, http://www.fusioninvesting.com/2009/07/ahead-of-the-buffett-curve/
I was surprised as I placed a limit order just above the bid yesterday, after I published this post. The share price proceeded to fall away and I checked occasionally through the day, but it was always lower than my limit, except it seems for fifteen minutes late in the day.

With some heavy selling on US markets on Friday, I’m glad to have a little more in the bank.The amazing thing about the sell-off was the attribution to a weak consumer. Like doh! Surely no-one seriously thought the US consumer was gonna come to the rescue. Yeah they’ll keep buying stuff and there’s some pent up demand, but without their housebooks the party is not going to continue. As some smart guy once said, the markets don’t reflect the news, the news reflects the markets.

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