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28-08-2013, 07:49 PM
#2941
Originally Posted by Food4Thought
...also with the relative uncertainty I do not think that the buy orders are soon to outstrip the sells... PGW was supposed to be my shooting star... ended up being a BIG BLACK HOLE... which sucks everything that comes into it's path...current price too high for uncertainty vs risk and reward
buy some with your div - its the only way out.
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28-08-2013, 07:56 PM
#2942
Originally Posted by majorbarejet
buy some with your div - its the only way out.
Had to exit prior to Div... can't face the price going any lower, which it will, sorry to be the bearer of no good news
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29-08-2013, 02:12 PM
#2943
Originally Posted by Food4Thought
Had to exit prior to Div... can't face the price going any lower, which it will, sorry to be the bearer of no good news
Originally Posted by Food4Thought
...also with the relative uncertainty I do not think that the buy orders are soon to outstrip the sells... PGW was supposed to be my shooting star... ended up being a BIG BLACK HOLE... which sucks everything that comes into it's path...current price too high for uncertainty vs risk and reward
Are we talking about the same stock???
My take on this....There are many buyers and many sellers and they are steadfast in their actions , wanting their price and not willing to budge. Its been like this for weeks now.....This shows up on the chart (see below) as a share price stuck within S&R multi layered strata area ..... The DMI is showing a rare neutral probably due to the stickiness in the intraday movement range shown by very short candlesticks.
During this phase this stock shows low risk day by day trading ...
PGW is managing an upward bias within this stickiness...however the 35 cents Resistance line is slowly cutting across the upward channel rise ..this could be a slow motion worry but happily one has plenty of time to watch and see what happens before making a decision.
Good news is that it has gone 1c ex div and the depth is still full of buyers and sellers...so same ol same ol
Originally Posted by Hoop
I'm depending on that sentiment .... smaller bad will be very good I hope...Unfortunately I ODed on the happy pills went insane and dabbled small time into some NZX stocks on friday..reason?.. to excite my boring life on the sidelines.... I have no idea why I picked PGW as one stock (32c) , it has tight bollinger bands on a flatline chart so the price is going to go either up or down...
My plan is,,,,,,,,,,,, sell if it goes up ...... sell if it goes down ........if the unexpected happens and it stays flatlined I'll have to take a day or two to think what to do next... (slow thinker )
Still thinking
Of interest is TA has picked up an unusual trading behaviour on the 13 of May 2013 a day before bad news was announced...note how the MA50 broke back with a lonely buy signal before it crashed...this is showing a fake out investing behaviour signature (either innocently done or deliberate)
Last edited by Hoop; 29-08-2013 at 02:33 PM.
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06-09-2013, 11:34 AM
#2944
I hear PGW is the importer that has angered farmers by spilling black grass weed in Canterbury and are facing an investigation and possible penalties from MPI ! Hopefully it will all be contained very quickly.
http://www.stuff.co.nz/business/farm...-seeds-spilled
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06-09-2013, 01:22 PM
#2945
Originally Posted by iceman
where do you hear from?
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06-09-2013, 01:30 PM
#2946
Originally Posted by Master98
where do you hear from?
http://www.stuff.co.nz/business/farm...porter-owns-up
Storm in an eggcup
Could easily get as much coming in on a backpackers socks
Last edited by stevo1; 06-09-2013 at 01:41 PM.
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06-09-2013, 03:30 PM
#2947
Originally Posted by stevo1
Probably correct stevo1. I certainly hope so and that they have it all under control. I am disappointed that this happens though, even though it seems to be coming down to just carelessness from an employee according to reports. But it shouldn't happen.
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06-09-2013, 03:50 PM
#2948
Member
Surely it's up to the truck driver to secure the load, shouldn't the onus be on the transport company.? As far as I know PGG Wrightson don't own any trucks, or do they.?
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06-09-2013, 04:20 PM
#2949
Originally Posted by Blue Horseshoe
Surely it's up to the truck driver to secure the load, shouldn't the onus be on the transport company.? As far as I know PGG Wrightson don't own any trucks, or do they.?
Ok let's blame everybody else but the company
A responsible company also takes responsibilities for contractors as well.
The last paragraph is a bit of puzzle -
The spill had occurred in July, a month after the consignment arrived at Lyttelton, and the delay in alerting the public was to allow time for any possible black grass seeds to germinate. This would be between November and April. "Its easiest to identify them when you can see the black seedhead," he said.
So we weren't going to tell everybody and hope it would all go away
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06-09-2013, 07:02 PM
#2950
Member
Maybe that's what fonterra should have done.
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