CHI - Channel Infrastructure Ltd (NZR)

**Hoop** · 02-07-2015, 06:49 PM

thanks cdonald, a good argument.....Yep its still possible this 85% rise is a long term sucker rally within a very long term bear market cycle..breaking the $3 resistance will help confirm and consolidate this new uptrend within that very long term scenario maybe we will know in a few weeks

**barleeni** · 03-07-2015, 01:12 PM

Originally Posted by Hoop

thanks cdonald, a good argument.....Yep its still possible this 85% rise is a long term sucker rally within a very long term bear market cycle..breaking the $3 resistance will help confirm and consolidate this new uptrend within that very long term scenario maybe we will know in a few weeks

We just hit $3 Hoop, not as long a wait as you thought!

**golden city** · 03-07-2015, 01:18 PM

hitting my targets..for now.., i looking at 3.60 to 4 dollar end of the year

**bull....** · 03-07-2015, 01:20 PM

took some profit reached my target price stellar run - why because margins have declined substantially last 2 weeks down 40% I reckon from highs so my guess for nzr margin is it is running at about 6 from now your probably hear about it at half yr if stays low for second half.
will maintain a small position now just in case goes higher may buy back if goes lower

**golden city** · 03-07-2015, 01:26 PM

as the nzd also going down heaps too., so i didn't think the margin will go down that much

**bull....** · 03-07-2015, 01:35 PM

hi gc you are correct but if you look at there profit matrix lower margin still has effect on profits which would mean longer to pay of debt if it becomes normal margin even with lower dollar.
gotta remember things change super quick in refining with lots of varibles