buy some with your div - its the only way out.
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Are we talking about the same stock???
My take on this....There are many buyers and many sellers and they are steadfast in their actions , wanting their price and not willing to budge. Its been like this for weeks now.....This shows up on the chart (see below) as a share price stuck within S&R multi layered strata area ..... The DMI is showing a rare neutral probably due to the stickiness in the intraday movement range shown by very short candlesticks.
During this phase this stock shows low risk day by day trading ...
PGW is managing an upward bias within this stickiness...however the 35 cents Resistance line is slowly cutting across the upward channel rise ..this could be a slow motion worry but happily one has plenty of time to watch and see what happens before making a decision.
Good news is that it has gone 1c ex div and the depth is still full of buyers and sellers...so same ol same ol
Still thinking :mellow:
Of interest is TA has picked up an unusual trading behaviour on the 13 of May 2013 a day before bad news was announced...note how the MA50 broke back with a lonely buy signal before it crashed...this is showing a fake out investing behaviour signature (either innocently done or deliberate)
http://i458.photobucket.com/albums/q...GW29082013.gif
I hear PGW is the importer that has angered farmers by spilling black grass weed in Canterbury and are facing an investigation and possible penalties from MPI ! Hopefully it will all be contained very quickly.
http://www.stuff.co.nz/business/farm...-seeds-spilled
http://www.stuff.co.nz/business/farm...porter-owns-up
Storm in an eggcup
Could easily get as much coming in on a backpackers socks
Surely it's up to the truck driver to secure the load, shouldn't the onus be on the transport company.? As far as I know PGG Wrightson don't own any trucks, or do they.?
Ok let's blame everybody else but the company
A responsible company also takes responsibilities for contractors as well.
The last paragraph is a bit of puzzle -
The spill had occurred in July, a month after the consignment arrived at Lyttelton, and the delay in alerting the public was to allow time for any possible black grass seeds to germinate. This would be between November and April. "Its easiest to identify them when you can see the black seedhead," he said.
So we weren't going to tell everybody and hope it would all go away
Maybe that's what fonterra should have done.