SKT Sky Network Television Limited.

**Gregnz** · 22-09-2020, 01:45 PM

Originally Posted by winner69

Some finally taking their profits before it gets back to 12 cents

Maybe 12 cents is all it’s worth.

Trading at 16 cents yesterday, what’s happened since that suddenly makes it worth 0.148?
Hence I thought I’d missed a announcement affecting Sky.

**Cash_Lion** · 22-09-2020, 01:47 PM

Originally Posted by Gregnz

Trading at 16 cents yesterday, what’s happened since that suddenly makes it worth 0.148?
Hence I thought I’d missed a announcement affecting Sky.

US Stock market tanking... NZX market follows. Should bounce back up since new stimulis is coming. See this as a buying opportunity.

**Hello123** · 22-09-2020, 01:48 PM

Originally Posted by Gregnz

Trading at 16 cents yesterday, what’s happened since that suddenly makes it worth 0.148?
Hence I thought I’d missed a announcement affecting Sky.

You ok Greg?

**jimdog31** · 22-09-2020, 01:49 PM

Originally Posted by Gregnz

Seriously I’m starting to lose faith in the NzX, there was a sell off yesterday after the 1pm announcement that the country was moving to level 1.
How on earth the market sees that as bad news beggars belief

I'm beginning to think that the only sensible investment strategy right now is "contrarian". You invest in unprofitable companys that have bad results and the price goes up. and vice versa

**Ogg** · 22-09-2020, 01:57 PM

Originally Posted by Gregnz

Seriously I’m starting to lose faith in the NzX, there was a sell off yesterday after the 1pm announcement that the country was moving to level 1.
How on earth the market sees that as bad news beggars belief

It's the UBS bots trading the volatility.

It's designed to draw out human emotions, such as: "Maybe 12 cents is all it’s worth."

Put a 1m order on there from a non-retail market participant and watch the bot auto change to an acclamation algorithm.

The problem is, apart from the odd retail punter, and the existing institutional investors, they're isn't much demand for the stock. Not because it isn't a great buy, but because new institutional investors are passing it up for growth stocks or more stable long term value companies. There aren't that many Black Cranes out there willing to take a bet at this stage in the turn around phase.

I see the existing institutional investors continuing to add to their position and build up larger holdings over time. Then some type of liquidity event happening.

**Gregnz** · 22-09-2020, 02:03 PM

Originally Posted by Hello123

You ok Greg?

Yep, fine. Just trying to make sense from no sense

**LEMON** · 22-09-2020, 02:11 PM

Emotions lose you money.

As long as there is no bad announcements and the company looks to perform well or better later don't panic. You can't expect to make a fortune in a night, or everyone would be millionaires. Sit tight and don't use the money if you need it.