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06-09-2019, 06:15 PM
#701
Prediction is very difficult, true, and I guess this weeks lift is all about people like me that think the share buy back may have a positive pressure over time.
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06-09-2019, 06:42 PM
#702
Originally Posted by penn
Prediction is very difficult, true, and I guess this weeks lift is all about people like me that think the share buy back may have a positive pressure over time.
Most things (esp the ‘blue chips’ went up this week ...maybe the good increase in FBU isn’t really FBU specific .....like rising tide lifts all boats or something
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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06-09-2019, 10:04 PM
#703
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07-09-2019, 11:33 AM
#704
Penn ...you love buybacks ....you in on the SKC one as well.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-09-2019, 08:21 PM
#705
Originally Posted by winner69
Penn ...you love buybacks ....you in on the SKC one as well.
Even though I am a Gambler I have a resistance/ aversion to investing in a pure play casino share, -so that is a strong no from me however I would look at TRA and ethically I have no issue with the developers of retirement villages, I am holding OCA and SUM, I do believe that FBU is now a steady ship, but as we know there could be a world event that would change it all overnight, how long do you stay 'cashed up' and watch opportunities pass you by?
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08-09-2019, 07:57 AM
#706
Originally Posted by penn
Even though I am a Gambler I have a resistance/ aversion to investing in a pure play casino share, -so that is a strong no from me however I would look at TRA and ethically I have no issue with the developers of retirement villages, I am holding OCA and SUM, I do believe that FBU is now a steady ship, but as we know there could be a world event that would change it all overnight, how long do you stay 'cashed up' and watch opportunities pass you by?
Almost everyone is investing with an eye to the next BIG crash - as in 1987, 1997, 2007 and 2017 - but 2017 has passed with no crash so we may be due for one in October 2019?
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08-09-2019, 07:38 PM
#707
"Almost everyone is investing with an eye to the next BIG crash" OK I agree, however can we come up with a strategy to benefit from knowing this. Just shorting stocks and waiting for October is not wise to me, as being 'all in' may not be the best either. I seem to remember around 2007 when the NZX had an 'across the board' correction and one of the only 'safe havens on the NZX was a large Oil and Gas (nz) company that was worth about a dollar a share and by 2008 was still around $1.05 --Trouble was they then went after coking coal and the rest of that story is too sad to mention and may be what (O.G. Oil & Gas) (Singapore) have in mind with their takeover, or perhaps the answer to my own question at 7.38 on Sunday, is the 'Gentailers" ??
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09-09-2019, 05:45 PM
#708
Looks like the theory could work, not every day you can see a 2.3% lift, and just the first day of the 'buyback'
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11-09-2019, 05:21 PM
#709
Originally Posted by BlackPeter
SP dropped to day to $4.28 - lowest level since June 2004. Brave people fighting the market, though they say there is a thin line between being brave and - well, you know ...
That was two weeks ago and FBU closed at $5.00 tonight, my math puts the lift (72 CPS) at 16.8% and If I was in charge of the buy back I would pause now after three days and start again on Monday. Good luck all.
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11-09-2019, 05:39 PM
#710
Originally Posted by penn
That was two weeks ago and FBU closed at $5.00 tonight, my math puts the lift (72 CPS) at 16.8% and If I was in charge of the buy back I would pause now after three days and start again on Monday. Good luck all.
Good on you, you might have found the bottom and indicators certainly look happier than at that stage. However - still below MA200 ...
But then - the higher the risks the higher the potential rewards (or loss). Only time will tell.
Personally (looking at the fundamentals) not sure I would want to take the plunge no matter how good the TA looks - but then - FBU is one of these companies the market is typically pricing higher than I would value them .
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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