Probably instos doing a little pump and dump?
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Camping equipment usually does well in a downturn and should continue to do so (especially where we are locked in our own country) the difference between previous downturns when KMD did OK is the staggering amount of competition at all price levels. The Warehouse and Kmart have cheap but serviceable gear, Mountain Warehouse is a category killer, Macpac, Bivouac, Stirlings, Hunting and Fishing, Rebel and many independents... not to mention the overseas websites delivering straight to door... I still hold a fair number of shares and I hope they do OK but it will be hard slog. Marketing is usually sale based eg 20-50% off... be nice to see some more imagination so not scrapping for the bottom of the market...
:Based on technical indicators or just gut feel (wishful thinking)?:
volumns?
vol was not over 1 million before 3 PM for a week ? now is i think...
3,006,677 $3,453,161
now up 4 million
got at least 4 screens up in front of me at the moment...
Woah, are you a professional trader?
winner69 - DSIC: we did not bet the farm on KMD cap raise as we thought the global situation would get a lot worse. We were slow out of the blocks... no virus has shut the world down before.
And we normally only trade good stocks paying dividends with no high level of debt. More like beagle types.
We are not trading KMD at the moment but will do so again and we missed this rise.
DISC: no we are not making zillions as we are extremely conservative. From accounting back grounds and are even more conservative than MR B.
High growth investors and high risk investors will be making money. There is another 10 years left in this market unless there is a war. Its a slow growth world now, im sure winner you are knocking the cover off the ball compared to our conservative approaches.
Although if Level 3 comes back for more than a week we will step up the investing as we have expected that so far we have only just seen this the start of this new market.
We are hoping for another sell off soon...we have had first hand information on the "IN MATES" inside the hotels from JUNE onwards and the in mates are not as serious about the situation as perhaps we are lead to believe.
Im cleared too ride the country side in lockdowns... looks good for the rest of the week... roads are mine...big days out on the bike coming after visiting the banks tomorrow for some new trading accounts setups..
tomorrow on sale 😭
dont buy!!!! dont BUY!!!! DONT buy... DONT BUY!!!! blur whoo hoooooo!!
well KMD touch 1.08 again today and bounced , far more volume in this stock again today and HLG. 1.9 million... i think this is now the tradie stock of the market...
any idea why sp up today,i thought
they can’t open shops and may suffer during COVID alert Level 3
My thoughts as well (along with other stocks, last few days) I understand it's a fantastic business. However It does seem quite a 50/50 scenario regarding the virus. I'm possibly more of a 'worrier' than some..
Hoping for the best planning for the worst here.
Not currently holding.
sell as there will be another buying opportunity in the run up the US election.