Third Friday of the last month of each quarter is NZX50 index rebalancing. Ironic that the rebalancing of the NZX50 index which nobody to the best of my knowledge, (myself included because I forgot about it) uttered a single peep about had more effect on the price that the major MSCI index rebalance that was talked about for many weeks. Life is full of ironic twists and turns, this a fine example.
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
Taking a bit of profit today, 16% alpha not bad for 2 n half weeks. I think a slight pull back is needed, will be back in after a slight dipper...that said, watch this run to $12AUD soon as I sell out lol
Taking a bit of profit today, 16% alpha not bad for 2 n half weeks. I think a slight pull back is needed, will be back in after a slight dipper...that said, watch this run to $12AUD soon as I sell out lol
I too took some profit on Friday close last week, but still have a few as it made new recent highs and broke above $11 on the ASX. Higher highs and higher lows so far, been a traders dream ever since that guidance announcement.
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Originally Posted by minimoke
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