Not knocking McDunk, I said "are we heading for McDunks $200" - look at oil price now, back to $104, after a week ago it was heading for 90, bit of a turnaround.
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Just a note of warning people. We need someone to take out the unsociable party who has been hedging his/her bets by supressing the NZO SP as the POO has come down. History indicates that it will take the purchase of a few million shares to bust the strangle hold. Past history (and the TAs could help us out) indicates that whoever this is can withstand six months of depressed share price. It stinks of majors - ACC lending stocks? - I sincerely hope not a government agency in election year. CFD participants? - probably involved somehow. A broker will know - probably one that doesn't recommend the stock to its clients. Now that would be naughty:rolleyes:.
Who is missing from the NZO web site - First NZ Capital? ASB Securities? Direct Broking?
Remember the market can remain "illogical" for longer than you can remain solvent. Probably because who ever it/they is/are has/have hedged their bets and locked in their profits at somewhere between 1.37 and 1.80 - my guess is an average in the low 1.60s.
It has taken at least 6 months for the NZX to wave the wet bus ticket in the past and another 6months for any movement in SP...could be a long haul...could be fixed by lunch time....
Would I expect the latter - probably odds against that. The next likely excuse (to stop the SP manipulation) would be PRC completing the tunnel....
Does anyone know how long share loan agreements usually last? Or understand whether puts and calls are involved?
Bilo...."....Just a note of warning people. We need someone to take out the unsociable party who has been hedging his/her bets by supressing the NZO SP as the POO has come down..."
Hmmm....Bilo I take from your post you want a big player to come to manipulate the NZO shares price back towards your favour and against some other players favour. :)
Trading in small markets you will be aware of the effects of distortion (better word than Manipulation) because a big player with it's maneuvering around can have a large effect on the share price. There is nothing illegal about that...and from my experience with the NZX they do an OK job in surveilance. Also the market is an extension of the animal kingdom, the small players feed of the scraps from the big players. Admittedly we add "humane" regulations to level up the uneven playing field so it is safer for the smallies to play around the markets without being bullied too much by the big guys.
So...for the little guy to play around in small areas, you should be applying small market investment strategies to your list of strategies regarding NZO to be sucessful.
Two main factors in small market strategy are patience and acceptance especially the willingness/ability to accept some temporary loss of mobility and the acceptance on who you are (your status) in this animal kingdom market. These factors go hand in hand, for example if you invest a large amount your mobility to exit quickly is slowed. If you apply just these two factors to your other sound investment decisions, they will be your virtues.
Bilo..All things come to those who wait. :):cool:
Bilo, Mr Market may fix this come Monday if the bounce in European / USA markets overnight are anything to go by.
M
also oil heading north again. I wouldnt be suprise if we head back to $148
Looks like a good time to start going long On Oil...
Hey mackdunk,
this is for you...
Dont get caught on the bulls horns yah big kid...
http://media3.picsearch.com/is?yJldI...gZPTDEaz9SAqcE
:cool:
.^sc
Are any of you chaps going to the INFINZ conference next week? David Salisbury, CEO of NZO and Gordon Ward, Executive Director, Pike River Coal will be speaking, see you there if you are,
http://www.inassociation.com.au/even...ml/agenda.html
You dont often see that combo NZO set to fly come monday
Whens Digger coming back to tell us about his meeting with DS??