Good point. The logical answer to "America First", "New Zealand First", "Britain First" and "<myland> First" clearly must be "China First". Something all of our exporters and all of our populists need to keep in mind.
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Ooooopppps....wrong thread !
I can recall certain posters were concerned at ATM's year end inventory levels.
This chart shows 5000 good reasons why ATM chose to build its stock levels..... ATM is ramping up the ATM presence in Chinese Mother and Baby stores with over 5,000 stores added since June.
Attachment 11956
Meantime anecdotal word is that ATM is leading Chinese ecommerce sales with increases 30 to 40% up.
As always DYOR.
BK, 'anecdotal' means 'not necessarily true or reliable because it is based on personal accounts not published facts' ...... hence my DYOR.
That said, the person is known to me and is a long term holder in ATM. Like me he is overweight in ATM and watches his shares like a hawk. I regard his comments as credible. However, I'm always cautious until I see published results. We also need a more info on USA and Canada progress.
As always DYOR.
ps.... nice to see the SP back over $18 today...... onwards and upwards.
Nice to see ATM make a rise again. Wonder if it will continue or get shorted again.
TA looking good (heading back above 200 day MA) and this graph of 10 years av SP change says the odds are good for it to climb above $20 again. Only a matter of time till it is $25. Well done those who took advantage of the recent lows.
Attachment 11965
That said, election results in USA and NZ may cause a bit more short term uncertainty. GLH and DYOR cos I'm a tab biased!