maybe this is why volume high, craigs people selling for profit to instos - if the case at least its soaks up the overhang
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The New Zealand dollar could fall as low as US60c against the greenback this year following today's official cash rate cut, a market strategist says.
Of course it may not - in fact if a market strategist makes a statement like this it normally does the opposite ....but at 60c USD the Nzr profit matrix looks pretty healthy.....
guess they will need to put up a new matrix in there half yr presentation to take account of the lower nz dollar
also maybe lower oil prices heading into second half - I believe a lot of refiners have put of maintenance first half so when they are forced to do maintenance second half there will be heaps more oil supply.
like it..., sounds very good., had accumulated reasonable amount so far..
looks like Mr Market is finally waking up to what is going on...
Should be on the way to high soon
share prices could reach 3 dollar soon ..by the look of it
Good morning Snaps and all,
Very well thought out analysis Snaps. I had raised the BOC plant in an earlier post then confirmed with the CEO that the commercial significance was not huge in the overall scheme of things. All good. My only reservation with your view is I think P:E should fall closer to 10.
WE WILL GET THERE - KEEP THE FAITH.
Regards
-dodgy (owner/shareholder - Still accumulating with an expected a 10% sp appreciation - still $3.00)
striking.., looks good
TA agrees with you Snapiti...Its looking like NZR had a 4 month breather and is ready to move up again..
Mass buy signals fired at $2.49 ..At that time last week the $2.49 buy in seemed risky as the 4 month downtrend looked to be still operating...but TA said buy buy buy.
The new break to a new high today further confirms the possibility that the 7 year primary downtrend ended in November 2014...Alway at the back of an investors mind with primary downtrends are the corrective shorter term sucker rallies...............with these recent breaks this 7 month old rise looks less and less like a long sucker rally and more and more like a beginning of a new long term uptrend
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