You do not see good farmers sell their farms because of the one season or year of drought.
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Still a solid long term hold in light of corporate travel not disappearing. I do forsee an incredibly shaky road with next few quarter reports showing horrendous figures which may dip the SP, but perhaps 87c is a little too low for a company which booking.com has a chunk in
Sincerely hope nobody listened to the doomsday merchants & posters and sold Serko below $1.00.
If you want to sell, sell today.
Ebb and flow of the market - institutions realized that market (and stocks like Serko) is oversold and taking the opportunity to buy back shares they probably sold out at much higher prices.
Eg. Milford sold 1m shares at around $4.80 - imagine how delicious it is for them to buy back at under $1?
http://nzx-prod-s7fsd7f98s.s3-websit...568/318316.pdf
Sincerely meant - not being sarcastic. We are all hurting from the carnage.
I am also heartened by SKO's resurgence as it is my 2nd biggest holding after A2. However, I'm not so sure "the worst is behind us."
USA's Corona-19 infections and death rates are going to surge and when that happens I suspect Wall Street will get hammered again.
Likewise Australia is not handling things well, so although I would like NZX to be immune from ASX and Wall Street, I think we are due for more downward pressure to come.
Hope I'm wrong though!!
Unfortunate.
While it is nice to go to bed knowing you have wads of cash under the mattress so to speak, I wouldn't have minded a few more. Didn't expect the bounce to be quite as quick and high. It is only day 2 of lock down though .. by day 28 cabin fever might have set in and people will revert to the irrational behaviour that took it down to $1 in the first place.
Good on you RupertBear! I sold 25% of my holding on the way down, realised some gains and lowered my Av Holding Price. So I'm now 'well positioned', but wish I had purchased some at the $1.00 mark!! Maybe next time!! :ohmy:
FYI in our neighbourhood during lockdown, the local kids are entertaining themselves by going on 'bear hunts', spotting 'hiding' teddy bears in house windows, cars, letterboxes etc. I haven't spotted you yet!
As a Serko holder I wish to add my totally irrelevant bit.
We have a very old (109yrs) Steiff bear sitting (propped up) in our 'front' window. He (I think) is not very tall, about 30cm's, and is very worn, as every bear worth his salt should be.....