With no news big players are playing. Unrelated but APT got hammered UBS downgrades them massively I guess it’s the game they all play but there is no real news until AGM Nov.
so hold tight and and see what happens.
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I've been holding tight for 7 weeks after taking the plunge at just over $15... what's another month?
UBS... I mean, what can you do? I hate their guts for ravaging the SP but I can't do anything to stop them. I'm sure as hell not giving up my position and incurring an eye watering loss at these prices.
So far as Citicorp's Investment Conference ... what a pity. Would've been nice if they could've thrown a few crumbs. But, no news is (hopefully) good news. One would hope they're getting ready to knock it out of the ball park at the AGM. In any event, they might have to reconsider their tight-lipped strategy unless they're okay with one of their main shareholders butchering the SP.
Cannot fault a hyena or a vulture doing what they do - it's in their DNA just as it's in the DNA of UBS to try and make money out of the scary cats/minnows and small bit players on the NZX.
Sp is still 16.5% up YTD so all is not lost even though sp today has just dipped below $13.00 again. :eek2:
I do take comfort that Jayne has not sold her shares to date.
A2 is currently like a coiled spring and I've got first hand experience from several incidents what happens when those springs get to uncoil in real life and your standing in the way.
https://www.shortman.com.au/stock?q=A2M
Shorts continuing to build up - now at 7.40% of total stock on issue or 54.38m shares.
Certainly will be some serious burn if the spring is sprung, so to speak.
Late July & it was $18.02 & in the euphoria thought it was racing toward & going to beat FPH to $20+.
Been pretty much downhill since then. Who would have believed 3 months later it would be 1294 today!
Missed out on ATM but so much volatility & uncertainty its hard to pick a point to get in.
Not sure if I want to risk it now.
For what its worth I think a good risk minimisation strategy is too keep a very close eye on the chart. At this point there is no sign of it bottoming and a risk averse investor might want to keep waiting for as long as necessary for a clear sign its has done so and wait until it breaks back up through a technical indicator such as the 100 day moving average, or 30 day MA for those less risk averse. Perhaps put on half one's position on a break up through 30 day MA and the other half when the uptrend is confirmed on a break of the 100 day MA. Stocks with a stretched PE and unhelpful technical analysis do have significant risk.