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  1. #12011
    Speedy Az winner69's Avatar
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    Quote Originally Posted by BlackPeter View Post
    Interesting. Wondering whether a hard BREXIT and turmoil in the UK would be good for ATM? Or is the possible ATM upswing uncorrelated to the UK news?
    Uncorrelated I reckon ...Brexit whatever just short term market noise
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #12012
    Outside thinking.
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    Quote Originally Posted by BlackPeter View Post
    Interesting. Wondering whether a hard BREXIT and turmoil in the UK would be good for ATM? Or is the possible ATM upswing uncorrelated to the UK news?
    Quote Originally Posted by Balance View Post
    Those of us who have shorted know that the margin calls are the killer - so will not be a comfortable ride for shorters as ATM sp heads higher.
    Improving fundamentals will eventually win out over the shorters IMHO.

    There may still be some volatility (we live in very uncertain times,) but it seems to me, the longer term trend is back in action, as reports of ATM's increasing sales/earnings play out.

    UK sales might be hurt by Brexit as Britain GDP declines, but ATM is well spread internationally to pick up the slack elsewhere so I pick the upswing relates to other factors i.e. improving fundamentals.

  3. #12013
    Legend minimoke's Avatar
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    Quote Originally Posted by see weed View Post
    I just can't contain myself. Will have to go out to twilight bowls tonight and celebrate. Up another 30k today, should be back to where it is meant to be by weeks end at this rate.
    If this keeps up I might be up for a creamy treat at the end of the week - its been a while between drinks!

  4. #12014
    ShareTrader Legend bull....'s Avatar
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    a2 found resistance above 12 again. see what happens
    one step ahead of the herd

  5. #12015
    Legend Balance's Avatar
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    Shorters feeling the burn! Ouch!

  6. #12016
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    Quote Originally Posted by Balance View Post
    Shorters feeling the burn! Ouch!
    There she goes again. What do they know that we don't?

  7. #12017
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    Quote Originally Posted by bull.... View Post
    a2 found resistance above 12 again. see what happens
    Yes, maybe 12.20 now.

  8. #12018
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by minimoke View Post
    If this keeps up I might be up for a creamy treat at the end of the week - its been a while between drinks!
    A very long time. Does it go off after more than 6 months out of the fridge ? Probably a rhetorical question for me at this stage as Synlait is sill miles under its high of $13 so there's nothing for me to celebrate at this stage from them or anything else for that matter either....
    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

  9. #12019
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    Quote Originally Posted by see weed View Post
    There she goes again. What do they know that we don't?
    It sharetrader ramping in order to boost their ranking in the Comp.

  10. #12020
    Legend Balance's Avatar
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    Quote Originally Posted by Balance View Post
    Shorters feeling the burn! Ouch!
    If you have a look at the shorting chart, it shows that shorters have mainly lost money on ATM.

    Point of maximum pain is going to be coming up soon - when ATM breaches the $13.00 level.

    Fully expect the shorters to panic cover then and push the sp back up to previous high.

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