ATM - A2 Milk Corporation Limited

[Balance]

Went for a browse at the newly opened Chemist Warehouse in my neighbourhood.

Plenty of A2 IF on the shelf - wall to wall. No restriction on cans per customer.

Sign of the higher inventory carry or sign of the times?

[Snow Leopard]

Yesterday when the price went sub $14.50 I dived in the deep end, having dipped my toe in a few weeks ago. Between pressing the buy button and the order getting to the market the price dropped significantly and I bought at an average of $14.16.

I think I have a bargain.

All this sub 100MA and little profit growth ahead I dismiss. This company knows what it is doing and is thinking medium & long-term.

Glad they have dropped the UK. It has been obvious, to me at least, that they were wasting their time there.

Today I move into long term accommodation for the first time in years and so, at last, I have a bottom draw to keep stocks in.

[Raz]

Yesterday when the price went sub $14.50 I dived in the deep end, having dipped my toe in a few weeks ago. Between pressing the buy button and the order getting to the market the price dropped significantly and I bought at an average of $14.16.

I think I have a bargain.

All this sub 100MA and little profit growth ahead I dismiss. This company knows what it is doing and is thinking medium & long-term.

Glad they have dropped the UK. It has been obvious, to me at least, that they were wasting their time there.

Today I move into long term accommodation for the first time in years and so, at last, I have a bottom draw to keep stocks in.

If you buy in at at the right price, this is still worth a play...

[couta1]

Seems like the pattern is back - up on NZX and down when ASX opens!

Worked well for me today now have an extra 500 shares at a new avg of $16.15. PS-This strategy is not for the faint hearted and can backfire. PPS-Beagle I'm standing firm like I have done with HLG and will follow the beat of my own drum.

[carrom74]

Worked well for me today now have an extra 500 shares at a new avg of $16.15. PS-This strategy is not for the faint hearted and can backfire. PPS-Beagle I'm standing firm like I have done with HLG and will follow the beat of my own drum.

Well done on your buy in...You have been right on HLG before and i hope you are right with ATM as well...

[Balance]

So are shorters covering or are they adding to their short positions?

If they are covering, Sp will come under pressure once they have completed the current round of covering.

If they are adding, then there will be a sharp rise in the so post their latest round of shorting.

Guess we will know in a week!

[bull....]

should get our bearish down move soon

[Beagle]

Clear break down through the 100 day MA adds further concern to the situation.
As a youngster paying my way through University, (no interest free student loans back then) I worked on my Uncle's farm each summer for a few years.
One thing he taught me and said its been that way since Adam was a boy is that low hanging fruit are a heck of a lot easier to pick than the others.
Even Jayne admits the low hanging fruit in terms of growth have now been picked...

Whatever happened to the much touted Fonterror link up ?

[couta1]

Beagle and Bull singing from the same songsheet, that there is as strong a buy signal as you'll ever get. Lol

[dompf]

I bought more. It wont last IMO (the hammering). Bought at 14.55 which I consider good value for a company I like.