Same:( I should have waited
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Yes, the story as we know looks something special in the medium term, especially as they appear to have successfully taken the model over the ditch. With a good update, this bird should resume its upward trudge, IMO. It got ahead of itself a couple of years ago, but unless a whole load of soon-to-be wrinklies are swept off the planet, I don't see the price being held back for very long.
October does not look to be a good month for RYM;
October 2013..sp $6.95
October 2013..sp.$$7.22
Today $7.12.
I use Yahoo interactive charts.Go to Yahoo,put in RYM.nz then go to interactive.
The EMA moving average is showing 50 day EMA $7.63 and the more important 200 day is $7.92.
The "real" buy signal will be when the sp goes up through the 200day EMA.That looks some time away.
What difference does it make buying at $7.65 compared with $7.15.Well on 1,000 shares it is the cost of our Xmas luncheon.!!!! lol.
Bought a small parcel today after waiting for a long time.
The difficulty with that strategy is that if the share price turns up today, you will have to wait until the price goes to nearly $8 before you can buy any. I struggle with that strategy myself, it is probably the better strategy, but I'm drawn towards trying to catch those falling knives.
I hear the Auckland market is like a balloon that's been pricked at present. All that speculative dodgy ? Chinese money is looking for a new tax free casino / playground.
Revaluations have underpinned this sector for years. Sure there's the well known tsunami of aging folk to underpin the sector's growth going forward but I reckon the revaluation's could take a breather for many years. The whole sector is fully priced IMO and dividend yields are absolutely pathetic all the more so because they're unimputed. Not sure I'd bother even if it does get to $6.50. As you've suggested it could take up to five years for this sector to become really attractive value again...