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23-07-2018, 07:30 PM
#9601
Truly sorry for Chinese parents affected by these faulty vaccines and one can understand the people mistrust of local brands
https://www.theguardian.com/world/20...-investigation
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23-07-2018, 08:07 PM
#9602
The slow leak continues 28.5% off the high SP. First time the approaching 200ma ($10.27) has been in play since Nov 2016, that and beneath it the low 24 May ($9.99) and beneath that the gap close ($9.40) should all offer decent price support. So a support range from here $10.45-> $10.27 down to $9.40 = about $1.00 range for people to make up their minds whether enough is enough, be that bail hold or buy. Indicators reckon there's still room to the downside. Another salutary lesson in not buying or holding confirmed down trends, especially in a non-earner. It's all about capital.
Last edited by Baa_Baa; 23-07-2018 at 08:11 PM.
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23-07-2018, 08:11 PM
#9603
Originally Posted by Baa_Baa
The slow leak continues. First time the approaching 200ma ($10.27) has been in play since Nov 2016, that and beneath it the low 24 May ($9.99) and beneath that the gap close ($9.40) should all offer decent price support. So a support range from here $10.45-> $10.27 down to $9.40 = about $1.00 range for people to make up their minds whether enough is enough, be that bail hold or buy. Indicators reckon there's still room to the downside. Another salutary lesson in not buying or holding confirmed down trends, especially in a non-earner. It's all about capital.
Nearly 30% off its high as well .....that's quite a drop
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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23-07-2018, 08:13 PM
#9604
Member
A2 milk with the Anchor/Fonterra logos also spotted in Melody's New World, Palmerston North today.
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23-07-2018, 08:41 PM
#9605
Fairly low turnover today at $5,798,832, so the big players did not think $10.50 was cheap enough. Looks like the downtrend will continue.
Time for the seasick pills again.
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23-07-2018, 11:29 PM
#9606
Member
Originally Posted by Baa_Baa
The slow leak continues 28.5% off the high SP. First time the approaching 200ma ($10.27) has been in play since Nov 2016, that and beneath it the low 24 May ($9.99) and beneath that the gap close ($9.40) should all offer decent price support. So a support range from here $10.45-> $10.27 down to $9.40 = about $1.00 range for people to make up their minds whether enough is enough, be that bail hold or buy. Indicators reckon there's still room to the downside. Another salutary lesson in not buying or holding confirmed down trends, especially in a non-earner. It's all about capital.
I'm thinking a few people would be guilty of falling in love with a stock. Easy to do, particularly after such an incredible run like ATM had. But paper profits don't do anything for anyone, the key is to bank those profits at some point. It must be hard watching those profits slip away or even worse if you're now well under after buying in to the hype earlier in the year. Good luck to everyone, whatever your strategy. I'm leaving A2 alone for now as I still expect that gap to get filled.
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24-07-2018, 11:12 AM
#9607
Member
Originally Posted by carrom74
Did you end up buying???
Yes 2000 @ $10.49
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24-07-2018, 11:51 AM
#9608
Originally Posted by Baa_Baa
...Indicators reckon there's still room to the downside. Another salutary lesson in not buying or holding confirmed down trends, especially in a non-earner. It's all about capital.
Here we go again. You have to love the 'TA' guys and there emotive rants against the mythical buy and hold.
Go find a chart, with a 4 year time frame and spot the unbroken uptrend (even on a log chart).
Zoom it out to 10 years and have another look at the beauty there is to behold.
There is more than one way to shear a sheep, you know.
Disc: Own some, but not as many as I once did.
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24-07-2018, 11:58 AM
#9609
Member
Originally Posted by thestg
Yes 2000 @ $10.49
Well.. All the best to both of us then...
Bought a small parcel at $10.48.
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24-07-2018, 12:04 PM
#9610
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