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?
Originally Posted by Balance
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.
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!
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
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