-
 Originally Posted by minimoke
For me it was a strange day - but a learning day (stop watching share transactions during the day!). Portfolio#2 went down to 8.2% profit during the morning but closed the day at 10.8% profit.
Watching share transactions during the day does not achieve anything for me,other than getting me excited at times.
Why I watch the market closely is for announcements.
Then I have to analyse them,and if action buy/hold/sell is required, do it.
-
Originally Posted by pierre
If NZ equities were too expensive yesterday, they certainly headed out of the ballpark today!
That was quite a "move" in the final 15 minutes of trading wasn't it ! First time I have seen end of month institutional window dressing to that extent for several years. I guess they were determined to have a positive start to 2018 as without that spurt the NZX50 would have been negative for the month. Makes all our end of month portfolio revaluations look good so I suppose we should be happy...even if it did look contrived. I started the day thinking we would get a bit of a belting on the back of the very soft U.S. market but we had possibly ? the strongest day of 2018 so far, ironic isn't it !
Last edited by Beagle; 01-02-2018 at 09:31 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
Originally Posted by Beagle
That was quite a "move" in the final 15 minutes of trading wasn't it ! First time I have seen end of month institutional window dressing to that extent for several years. I guess they were determined to have a positive start to 2018 as without that spurt the NZX50 would have been negative for the month. Makes all our end of month portfolio revaluations look good so I suppose we should be happy...even if it did look contrived. I started the day thinking we would get a bit of a belting on the back of the very soft U.S. market but we had possibly ? the strongest day of 2018 so far, ironic isn't it !
Yes I dispatched a couple of stocks at close last night, never look a gift horse in the mouth,still expecting a 10-15% correction at some stage this year.HLG and ATM are my not too expensive long term holds.
-
Originally Posted by couta1
Yes I dispatched a couple of stocks at close last night, never look a gift horse in the mouth,still expecting a 10-15% correction at some stage this year.HLG and ATM are my not too expensive long term holds.
You're as cunning as a hungry beagle.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
Originally Posted by Beagle
That was quite a "move" in the final 15 minutes of trading wasn't it ! First time I have seen end of month institutional window dressing to that extent for several years. I guess they were determined to have a positive start to 2018 as without that spurt the NZX50 would have been negative for the month. Makes all our end of month portfolio revaluations look good so I suppose we should be happy...even if it did look contrived. I started the day thinking we would get a bit of a belting on the back of the very soft U.S. market but we had possibly ? the strongest day of 2018 so far, ironic isn't it !
Yes, that's the way I read it too, although I note that some commentators reckon it was more a case of funds selling Xero on its last day of NZX trading and reinvesting the funds. Unlikely to see pro fund managers acting that way, I would think.
-
Originally Posted by macduffy
Yes, that's the way I read it too, although I note that some commentators reckon it was more a case of funds selling Xero on its last day of NZX trading and reinvesting the funds. Unlikely to see pro fund managers acting that way, I would think.
You could well be right as there was quite a kerfuffle when XRO exited the NZX50.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
Originally Posted by macduffy
Yes, that's the way I read it too, although I note that some commentators reckon it was more a case of funds selling Xero on its last day of NZX trading and reinvesting the funds. Unlikely to see pro fund managers acting that way, I would think.
end of month window ramping lol , would have been a negative mth otherwise
one step ahead of the herd
-
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
Originally Posted by Beagle
First two paragraphs include Craigs and Comvita. Oh dear is this too blatant
-
To put you straight ramping may have happened years ago but that is long gone in terms of institutions doing it. The Warminger FMA case more than touches on that type of behaviour and current expectation as to what is acceptable and what isnt in todays regulatory framework.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Reply With Quote
Bookmarks