You may be happier using Yahoo charts as it shows the share price is still above the 200 day moving average.!! lol.
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You may be happier using Yahoo charts as it shows the share price is still above the 200 day moving average.!! lol.
Yes it is but with the MA200 at 807 its not that far above is it
That's one reason I am showing ill discipline and hoping this is not the end of the uptrend at all.
Percy, even you have to admit that the price has gone nowhere for the the last 4 months or so
It'll be ok though cows this time it's different
Well according to Yahoo the share price was $8.35 today,while the Simple 200 day moving average was $8.11, and the Exponential 200 day moving average was $7.99.
Don't worry about the cows this time,think of your Rata trees,don't expect they have done much over the past 4 months either!!!
ps.Surely you are enjoying a free ride anyhow???
That chart looks suspiciously like another one you posted recently except the other one's downwards break was more developed....which should suggest that might be where this one is going...
Three positive land acquisition announcements and the price goes down, hmmm.
Is the market "over" stocks trading on a PE of >30 ?
Agreed long term mate, but short term isn't so clear. I wouldn't mind getting back in but I don't see any reason to be in any sort of hurry. I'm expecting the market to track sideways for the balance of 2014, at least, so my investment thesis at present centres around staying liquid and being patient to wait for compelling opportunities, if any, and / or buying value or yield stocks where you're being paid to wait.
Its interesting to note we now have a clear break below the 100 day moving average which currently stands at $8.43.
When you take into account recent positive news x 3 didn't help stop that break there's plenty to ponder in terms of its short term SP direction in my opinion, likewise for SUM.
Then there's this proposed IPO which will suck even more life out of the market in general and this sector in particular.
http://www.sharechat.co.nz/article/7...lding-boomhtml
Ive been shaken out of my final 33%, S/P dropped lower to $8.17 but back to my sell price $8.22.More buyers than sellers now so good luck either way. If i don't get a chance again to buyback lower later i may buy more AOG (way below NTA) or maybe some of the new listing Oceania if it stacks up.
Moosie would remind us that' bollies tightened and when this happens a break out occurs in direction of prevailing short term trend ....this case down (or something lie that)
But I reckon it will back to 830 by close today - no worries as hope is a strategy