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  1. #13481
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Balance View Post
    Why?

    Three days of ups in NZ to be taken down when ASX opened - today could be different!
    When I was a young accountant the senior partner once cautioned me, "the tail never wags the dog". Seems an apt cliché to quote after events of the last few days... and I am not just talking about ATM.
    Last edited by Beagle; 09-08-2019 at 11:35 AM.
    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

  2. #13482
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    Quote Originally Posted by Ggcc View Post
    And once again we wait on Australia. Another down day by the looks
    Up 30c at the moment? (but dropping)

  3. #13483
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    Quote Originally Posted by Sideshow Bob View Post
    Up 30c at the moment? (but dropping)
    Lol bidding $16.47 as we speak when the Aussie is still at $16 NZ equivalent with 15 mins to go.

  4. #13484
    Legend Balance's Avatar
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    Quote Originally Posted by couta1 View Post
    Lol bidding $16.47 as we speak when the Aussie is still at $16 NZ equivalent with 15 mins to go.
    Some market manipulation going on?

    Shorts have gone back up marginally on the last ASX update which suggest that shorters are happy to hold their positions.

    Means no short coverings = selling from holders.

  5. #13485
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    I think you will find the big boys are shaking the tree and hopefully taking people's shares with them. Before the YTD totals come out this month

  6. #13486
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    Quote Originally Posted by Ggcc View Post
    I think you will find the big boys are shaking the tree and hopefully taking people's shares with them. Before the YTD totals come out this month
    That's the one.

  7. #13487
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    Quote Originally Posted by couta1 View Post
    That's the one.
    And down she goes

  8. #13488
    Legend Balance's Avatar
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    Quote Originally Posted by Ggcc View Post
    And down she goes
    So the pattern of up on NZX before ASX slams it down continues.

  9. #13489
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    Quote Originally Posted by Balance View Post
    So the pattern of up on NZX before ASX slams it down continues.
    Good healthy correction just in time for results.

  10. #13490
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    Quote Originally Posted by Balance View Post
    So the pattern of up on NZX before ASX slams it down continues.

    You would have to wonder why anyone would buy on the NZX before the ASX opens??

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