Balance-A quick question...can shorts cover at NZX?? (if they have shorted in ASX?)
Balance's statement is correct and you can shunt. But even if you do not shunt, you can buy on the NZX to limit your exposure. When Aussie opens you can then buy on ASX and sell on NZX simultaneously (brokerage is pretty much irrelevant these days). Thus it is quite possible that shorters are exiting their positions by purchasing on the NZX.
Sorry, I have nothing to add to my analysis at post #14,648. That's where I see it and if the market and others see it differently that's fine.
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
Time to really put the shares on the bottom drawer now and not to worry about accumulating it anymore. I got heaps for best comfort as I might even consider this becoming a bit like a boring stock already
Good on ya Couta and others who hold with conviction.
I was heavily considering topping up further in the last few days, but lack of action in the last few days put me off (and slipped from my mind with other stuff). Some is better than none!
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Originally Posted by carrom74
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