Will find out on Monday, but hopefully we just got rid of some big overlap from some other large sellers/s.
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All downtrends come to an end - it's a question of when to enter depending on your style (aggressive or conservative)
Eyeballed this chart a few days ago and thought this will be a buy around 2.50ish, due to the gap from a few years ago now being filled, and that 2.50 level being prior major resistance, which will/should now be major support.
Aggro's will be fading in about here, conservatives will wait till the rally is nearly finished
I'm feeling aggro:D
Haha you could say I spoke too soon. Might stick to reading ST than writing on ST.
the worry is with trustpower ,on valuation they look ok
The trouble with trustpower is the Electricity Authority, a regulator, has announced it is getting Transpower to stop Distributors paying ACOR to distributed generators. That will cost Trustpower in the order of !5-20M a year . It is a very bad decision and trustpower went to court over it and lost. The EA is a disaster on regulation.