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  1. #9511
    Guru
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    3,171

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    herdlicker? easier to pronounce i guess
    bull

  2. #9512
    Gnawing on Bones Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    9,836

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    They did $262m in the latest quarter hampered by old labelled stock. I think some people are going to be very surprised by first half sales for the current financial year as retailers stock up on the new labelled product. Disc: Holding 6% portfolio allocation as part of a well diversified portfolio.
    Correction is probably a good thing, shake out the weak holders ready for the next leg up.
    Last edited by Beagle; Yesterday at 06:00 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  3. #9513
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    2,237

    Default

    @visionary ... I think you mean support, rather than resistance at 10.60, which is correct on the chart and your number 8.60 below that. ATM is in a shallow descending slide, but there's no compelling reason why it will drop to those levels other than it is slowly declining. TA is better for getting one out and keeping one out and looking for an entry than it is holding looking for a last ditch sell to preserve capital. TA'ers are well and truely out now, the patient ones won't be putting some timeframe on when to buy, they will be informed by the sentiment, as shown in the chart. TA'ers don't buy into the euphoric 'she'll be right' nonsense, just because some guru bought higher and talks up their book incessantly while hurting on their capital losses, they just act when it's time to do so. Rinse and repeat.
    BAA

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