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28-07-2021, 11:09 AM
#22181
Member
Originally Posted by alokdhir
China is showing its socialist colours ....which is more like old days and what CCP should have been doing all this while ...Look after the masses not let Rich become more rich and exploit the poor ...Doctrine of communism .
If it works well for the popularity ( I am sure it will be ...as there are always much more have-nots in any society so ....) then it can be long term declining story of China stock market and private companies ...." Not for Profit " This doctrine kills enterprises !!!
How it will effect ATM is not very clear but its over dependence on China will make it vulnerable
Well said alokdhir. I still clearly remember those old days: no stock market, no private companies, people only had a few options on clothing, food and other groceries, etc.
I feel sad to see China is going back. Don't know how far it will go back but trend is quite clear.
Long-term, it's bad for any companies doing business in China as regulation risk is too high.
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28-07-2021, 02:46 PM
#22182
u guys got to remember too...China also needed dairy products and IF products..that also give ATM a benefit.
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28-07-2021, 02:57 PM
#22183
Originally Posted by Lease
Well said alokdhir. I still clearly remember those old days: no stock market, no private companies, people only had a few options on clothing, food and other groceries, etc.
I feel sad to see China is going back. Don't know how far it will go back but trend is quite clear.
Long-term, it's bad for any companies doing business in China as regulation risk is too high.
China will never go back to the China of old - backward, bullied by Western powers and with wide disparate of wealth from which communism emerged.
Moves made by the government there are designed to :
1. Crash any attempt by anyone or anybody to challenge the supremacy of the CCP,
2. Even out the wide disparity of wealth and differences emerging from their economic bloom.
When IF is sold in NZ for $40 but is sold for $80 in China, something is fundamentally wrong and uneven. So yes, expect there will be regulations to even out that wide gulf and erase super profits.
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28-07-2021, 02:59 PM
#22184
what a nonsense....so..Milazo bike..from warehouse made in china..Retail price here $250...
In china, the same model of bike retail price around $50 ......
What do you think about that??
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28-07-2021, 03:03 PM
#22185
In conclusion that is because NZ can not make the bike as cheap and good quality like the Chinese made one. and CHina can not produce enough dairy and IF to feed their own people. That is why China is always going to depend on overseas dairy products
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28-07-2021, 03:11 PM
#22186
I also dont agree with some of Balance views ...Supremacy of CCP part I agree as thats the ethos of ruling party and the only political party there . They dont believe in multiple political views or aspirations
To maintain that tight grip over population of that size they need to be popular also ...like anti landlord movement brought many poor followers which lead to present day China
Now they need to renew their pro poor and anti capitalistic forces stance ....as a political move and strategy ....hastened by veiled challenge to their authority and decisions by speech of Mr Jack Ma .
They want to pursue or look to pursue pro poor and anti rich policies as thats the easiest way to be politically popular to maintain power and control .
Not for profit theme comes from that and anti big and rich companies also ...Shareholders are not CCP supporters ....poor workers and have nots are !!
ATM is caught in the mix ...their main fault , lack of diversified sources of profit ...they are trying but not successful so far
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28-07-2021, 03:18 PM
#22187
Originally Posted by Balance
something is fundamentally wrong and uneven. So yes, expect there will be regulations to even out that wide gulf and erase super profits.
Perhaps you could encourage Jacinda to take similar action.
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28-07-2021, 03:22 PM
#22188
Originally Posted by X-men
what a nonsense....so..Milazo bike..from warehouse made in china..Retail price here $250...
In china, the same model of bike retail price around $50 ......
What do you think about that??
Therein lies the difference between a communist state vs a capitalist (to become communist) state like NZ.
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28-07-2021, 03:22 PM
#22189
Originally Posted by davflaws
Perhaps you could encourage Jacinda to take similar action.
She already is - throwing billions of dollars at everything and anything which screams votes, but without the foggiest idea of how to deliver desired outcomes.
Last edited by Balance; 28-07-2021 at 03:24 PM.
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28-07-2021, 05:16 PM
#22190
Originally Posted by Maxtrade
Yeah I sold out a while ago as well. Gave up hoping to recover my losses with ATM when didn't break through NZD $8 / 100 day EMA
Johnny the Horse, haven't heard an update from you in a while. What you posted a while ago still seems to be right on track. Do you still feel it is current and will play out this way. Or has recent China updates modified your view on this?
Attachment 12791
Skiing this week so no charts or trading. I picked a bad week as I would have been killing it!
Not sure how much of this is China vs just a technical breakdown. First weekly candle to close lower than the previous in like 8 or 9 weeks? Market loves to get everyone very bullish and then quickly fill them with fear and make them sell.
The size of this drop is a big red flag. It now shifts odds, with continuation to new highs unlikely in the near term. Most likely scenario is for price to now tighten up in a range (called an equilibrium - higher lows, lower highs). Wait for the breakout for longer term direction.
I reiterate my previous comment that in my view it isn’t a successful strategy buying late into a weekly rally that hasn’t seen a weekly trend change. You either have your stop below the previous low (poor risk/reward) or at some arbitrary level to get a better risk/reward. The problem with the latter is that you know a weekly higher low is most likely and you’ll probably get stopped out right at it. If you want in on weekly rallies then you buy for the daily trend change and then let her run.
A wee tip… a good time to buy a weekly higher low is when daily RSI is oversold.
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