PGW - PGG Wrightson

[kittydashwood]

ok starting to look pretty tasty now.
maybe later in the week this overhang will be sorted out.
One way or the other.

I work in 6.18 steps

30% and 15% are conversational numbers only.
I guess to be exact on it the bottoms from 2.10 should be 1.97 (broken) 1.84 (we are on it now) and 1.71.
If it broke the old support of 1.67-1.71 i would be very very patient.

[winner69]

quote:Originally posted by winner69
.... if so the fib levels in my book are at 200 (38.2% retracement), 185 (50%) and 175 (61.8%).

That 175 looking more likely now

Closed today at 182 .... low for the day as well

[foodee]

This share is holding well despite the impact of this winter's weather on the farming sector.[?]
I remember 'Bola' well in 1988.

[Fodder]

Big volume traded in the last ten minutes today...125,000 over 12 trades all at 1.85.
Was this an off market crossing? It wasn't denoted as such in the conditions field...I'm wondering where all the buyers came from all of a sudden?

[Mick100]

It was most likely Macdunk topping up
,

[duncan macgregor]

quote:Originally posted by Mick100



It was most likely Macdunk topping up
,

MICK you have to wonder who the sellers are, not the buyers.
I cant work out why someone would watch the price downtrend in a safe company like this, then sell at the bottom. I see that they sold an old PGG seed farm surplus to requirements for $7 million in the last few weeks. When the herd wake up watch this one trend. macdunk

[kittydashwood]

grabbed a few 1.83-1.84 on the wilder oversold.
i think most buyers are like me waiting off depth, coaxing that sucker down.
hard to see the bottom in muddy water best feel your way in like floundering.
hard to take a full position before the company gives guidance.

[KJ]

quote:Originally posted by duncan macgregor

quote:Originally posted by Mick100



It was most likely Macdunk topping up
,

MICK you have to wonder who the sellers are, not the buyers.
I cant work out why someone would watch the price downtrend in a safe company like this, then sell at the bottom. I see that they sold an old PGG seed farm surplus to requirements for $7 million in the last few weeks. When the herd wake up watch this one trend. macdunk

I took the article to mean a "profit" of $7m.

[kittydashwood]

Where's my 20% Duncan?
Is this your 1.75 W69?

1.76 this morning and a little change on the OBV.
Williams shows three descending peaks to the floor today.
Short term selling could climax today?

[kittydashwood]

Woops there goes duncans stop loss