bull wouldn't have a clue what is reasonable value for the stock, one thing I know is that a few years from now the current price will look so cheap you will think it couldn't have been.Lol. PS-Its not smart money that is selling currently.
Printable View
That Jayne going to end up with zillions of shares in due course
http://nzx-prod-s7fsd7f98s.s3-websit...947/282910.pdf
Bollie bands tightening
Usually good isn’t it?
good day today for shorters might buy me some real milk tonight - anchor milk
Not looking strong chartwise atm and recent shorting below fwiw. The last column the one to look at.
Date Gross shorts 1 Issued capital % Capital shorted 2 Trade volume 3 Shorts as % of volume 4 Mon 16th Jul, 2018 453,486 730,039,067 0.06% 3,201,906 14.16% Fri 13th Jul, 2018 800,516 730,039,067 0.11% 4,570,976 17.51% Thu 12th Jul, 2018 1,143,772 730,039,067 0.15% 5,386,751 21.23% Wed 11th Jul, 2018 1,327,039 730,039,067 0.18% 5,151,242 25.76% Tue 10th Jul, 2018 564,873 730,039,067 0.07% 2,860,810 19.75% Mon 9th Jul, 2018 321,467 730,039,067 0.04% 2,020,420 15.91%
Hope you don't mind me removing the chart, it was helpful to review.
So, it appears the weight of shorters' has decreased over the past 7 days (minus today).
This overlayed with the price action would indicate a fall purchase demand at market price, and the apatite for the market to see the price fall.
I would assume this is related to the PE ratio being high, and "flavour of the month" being to identify and actively avoid companies with high PE ratios such as ATM/A2M.
Looking at the chart, the next realistic resistance is around the NZ$10.21 mark.
Going on talk of the effects of the international trade war which is heating up, we are looking at a 10-15% drop in share prices which have not been factored into markets. One would expect those reliant on targeted export markets (China, USA, Germany, Turkey) will have real falls which surpass locally targeted products and services. I am starting to think we are looking at a NZ$8.60 bottom on this movement, which is a short to mid-term motion. I still think I am crazy, but this is what my gut tells me when I look at the chart, and the company numbers with a new company leader and going into untested waters both as a company, and as a global marketplace - even if her last name is Herdlicker.
Is anyone else thinking the same as me? I still hold and am feeling very uncomfortable.
herdlicker? easier to pronounce i guess