Latest announcements all positive,yet the share price reacts by falling further.
I notice others in the sector such as CCR,EPY,HUM, and QFE are also seeing their share prices fall.
I have a few HMY.
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You all don't have to remember back to long to the collapse of most of our finance companies.
We likely have some hard times ahead.
I have lightened up on my Heartland holding a little...although I am more comfortable with holding them because of their reverse mortgage portfolio.
I guess if times get tough for borrowers we’ll see whether harmoneys selection of the cream really works.
Certainly going to be interesting seeing if HMY's model really works.
Off course being a holder I hope it does.
RTM.I am holding my HGH shares as I think their share price weakness was caused by the US Bank fall outs.I do not see those issues are being faced by any ANZ or NZ Banks.NZ economy slowing will most probably slow down HGH's growth [ a bit].
No trimming here to either, would add to HGH if price gets better and no signs of Armageddon.
Each to their own.
I have learnt one thing about doubling down - you end up with a f load of shares! At least my average is much much lower :scared:
Its like roulette at the casino - can easily win doubling the bet on black every time you lose but you hit the table limit very quickly