Little bit of sell on the news today with some profit taking, however we have a big cup with
handle. 50 dma is crossing over 200. Todays action should be seen as buying opportunity!
Yes my stop discipline forced the sell. I don't base my actions on fundamental evaluations, purely technical analysis. I don't ignore the fundamentals of any stock I am involved with but don't base my buy or sell on the story, stories lead to emotional attachment which generally leads to loss!
When PEIX prints a higher low in this correction it will become a new buy candidate for me. There is more to my analysis but that is a very simple explanation to how I set my stops.
Have you liquidated your PEIX? It seems it did something similar in May at took off again and it has not done a death cross yet.
I have no position in PEIX, just curious how you evaluate when to sell.
G, the weak Euro will help exports but only to non Euro countries. The majority of exports from Ireland go to areas using the Euro as a currency so to that extent is has zero impact to export revenue.
nice one, that's what I have been thinking about last week....we will probably see a bit smaller gains in IRE than BIR... :-(
Psychological analysis of Ghart suggests that he has limiting beliefs about his own intellectual capacity. Not a comment goes buy where he does not refer to his intelligence. What it really shows is his lack of confidence in himself.
Finance Minister Michael Noonan has said the economy may grow by as much as 4.5% this year.
The minister made his comments after the CSO estimated that the economy grew by 1.5% in the second quarter of this year - the second successive quarter of strong growth.
Ireland is now recording the strongest economic growth in the European Union.
Mr Noonan said instant estimates by his officials suggested a much stronger growth level than previously estimated by the department.
He said the key budget target of getting the deficit below 3% of GDP next year could now be hit without further spending cuts or tax rises.
Mr Noonan said he was now looking at a fiscally neutral Budget next month, with changes intended to boost employment levels and support continued further growth in the economy.
But he said it would not be a giveaway Budget, as the country still faced an enormous debt burden.
Last week, the minister revised the growth estimate up to 3%. The last official estimate was published in April and was for growth of 2.4%.
Mr Noonan also said the very strong growth meant that the budget deficit would come in well below 4% of GDP, and he thought it could be as low as 3.5%.
Given the outlook for economic growth averaging 3% a year for the next five years, all budget targets can be met, he added.
Commenting on the CSO figures, Tánaiste Joan Burton described them as "quite striking".
Speaking in the Dáil today, the Tánaiste said the great thing about the figures is that they show the economy is "seriously in recovery".
She said with GDP growth of 5.8% in the first half of the year and GNP at 9% annually "it really means we have left the worst difficulties of the collapse behind and it is not a credit-fuelled bubble."
Ms Burton also responded to calls for the Christmas Bonus for those on social welfare to be restored.
She said as conditions improve it would be nice to see certain areas addressed but that she could make any commitments.
There was a little bit of extra leeway, Ms Burton said, but “we can't lose the run of our ourselves”.
She said no decisions had been made, and that all of the areas of expenditure would be looked at.
Today's preliminary Quarterly National Accounts data from the Central Statistics shows GDP growth of 1.5% and GNP growth of 0.6%.
and in January 2002 was 0.87, ie the euro was worth less than the dollar.
If the euro manages to drop to 1.20, that would really help the export sectors and boost employment and create some lovely inflation. Crazy world !
good luck :)
I am assuming that you are unaware of the fact that HALF of Bank of Ireland's business is done in the UK.
(UK post office serves as their bank branches)
Don't count your blessings too soon.... lol