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20-11-2020, 12:04 PM
#18141
Is it just my imagination, or is ATM now selling off on the NZX in advance of the daily ASX open...?
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20-11-2020, 12:05 PM
#18142
Originally Posted by alokdhir
Following the market trend is the most common way of making small money on stocks for the traders . All the buy reports from well renowned Analysts become public after main trend reversal has already taken place . So people quoting reports and public voices of brokerages against the odds of ATM is just trying to fool us more in selling down a stock which already has become medium term buy for those very people but to their paid clients or own accounts .
70 -80 % of the worst expected out of ATM near term is already priced in . To put is money term ...downside risk of notional losses is $ 2.5 to upside reward of $ 10 in next 12-18 months ...IMHO .
So think logically and DYOR and invest accordingly .
Dont get swayed by already old data .
Buying divvy stocks now like the retail investors are chasing will only burn them in the near future ...Remember all buying ZEL at $ 8 for its 45 cents divvy ...
Buying BRM at 19% premium to NAV is only going to end in disaster for many many ...still many so called experts are advising people to do that but not the ETFs selling at NAV giving equally reliable PIE income dividends .
So I see lots of bad advise in the market ...of all sorts .
My advise ...only Trust your own advise and research
actually i dont think its all priced in. a lot of funds sell on the news. so if they miss guidance i expect a big down day will eventuate as funds price in reality
one step ahead of the herd
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20-11-2020, 12:05 PM
#18143
Originally Posted by HKG2301
Is it just my imagination, or is ATM now selling off on the NZX in advance of the daily ASX open...?
Starts reacting to the pre open on the asx.
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20-11-2020, 12:07 PM
#18144
Originally Posted by Gregnz
Starts reacting to the pre open on the asx.
Originally Posted by Balance
Another day of sp going up on NZX and then, getting sold down when ASX opens?
Market manipulation or just Kiwi investors not realising that the stock is now driven out of Australia?
Old news.
Pays to be attentive as to where ATM sp is driven from - definitely not NZX any more. Been like that for a few years.
555k shares traded on opening on ASX vs 135k traded for the last 2 hours on NZX.
Last edited by Balance; 20-11-2020 at 12:09 PM.
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20-11-2020, 12:08 PM
#18145
Which begs the question, why would anyone wait until the afternoon to sell? Smacks of market manipulation, or am I just stating the patently bleeding obvious...?
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20-11-2020, 12:08 PM
#18146
Originally Posted by Balance
Old news.
Pays to be attentive as to where ATM sp is driven from - definitely not NZX any more. Been like that for a few years.
Agree. Quite honestly we almost mirror what happens on the asx.
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20-11-2020, 12:09 PM
#18147
Originally Posted by HKG2301
Which begs the question, why would anyone wait until the afternoon to sell? Smacks of market manipulation, or am I just stating the patently bleeding obvious...?
Do people do that? I usually sell in the morning and buy in the afternoon..
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20-11-2020, 12:10 PM
#18148
Originally Posted by bull....
actually i dont think its all priced in. a lot of funds sell on the news. so if they miss guidance i expect a big down day will eventuate as funds price in reality
Fair enough ...If that so called down grade doesn't happen then big buying is also possible on that news
Thats why I said $ 2.50 downside reaction to it actually happening ...it covers your big down day ( its 18% down from here ) ...
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20-11-2020, 12:10 PM
#18149
Originally Posted by alokdhir
Thats exactly I was referring to in my last post .
When media starts warning you about something which is about to happen ...making their financially sensitive information public ...be very very wary to act on it .
Free advise is always risky advise ...lol
Please note the age of the article, not imminent, still advice, and fits with the current geopolitical circumstances also
(see Geo-Political Risks thread) eg Australia
All science is either Physics or stamp collecting - Ernest Rutherford
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20-11-2020, 12:12 PM
#18150
Originally Posted by bull....
actually i dont think its all priced in. a lot of funds sell on the news. so if they miss guidance i expect a big down day will eventuate as funds price in reality
Unfortunately the ferocity of his vitriol became more intense and less rational the more he lost. In the end it became personal, (even against his friends), and there was no room left for calm objective debate, so with that state of mind its good that he's taking an extended break and I wish him well with that.
Anyway, I agree...lets move on, its overdue we get back to discussing ATM
Last edited by Beagle; 20-11-2020 at 12:18 PM.
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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