She'll become overbought soon and then those that want a sub $5 entry will just have to bide their time aye.(Might even pick a parcel up myself at around $4.80)
She'll become overbought soon and then those that want a sub $5 entry will just have to bide their time aye.(Might even pick a parcel up myself at around $4.80)
If that happens could be tempted with RYM at $8.50 - maybe not, doubling up on SUM would be better bet
Had to say that mate after one of your comments the other dat
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
If that happens could be tempted with RYM at $8.50 - maybe not, doubling up on SUM would be better bet
Had to say that mate after one of your comments the other dat
I always reckon Sum is worth around half of the Ryman share price when both are running hot(Ryman cold at moment) so that's means Ryman true value around $10.86 currently, at $8.50 I'd be loading the truck up big time, probably buy quite a few Sum as well at $4.25.
I always reckon Sum is worth around half of the Ryman share price when both are running hot(Ryman cold at moment) so that's means Ryman true value around $10.86 currently, at $8.50 I'd be loading the truck up big time, probably buy quite a few Sum as well at $4.25.
Interesting concept. Always interesting to find out different things
Chart is SUM share price (the blue line) while red dotted line is what % of RYM share price it was. Your 'half way' point is the straight line at 50%
For long periods SUM has been about 50% of RYM ....your method has some sense.
From mid-2013 to mid-2015 the relationship broke down. At one point SUM share price was only 30% of RYM share price. (either SUM was really 'undervalued' or RYM really 'overvalued'. Doesn't really matter but highlights (again) why getting into SUM during this time was the going to produce better returns (from a short/medium/long term trading perspective) than RYM until things 'normalised'. That is what I did - this just shows it another way
Yes the dotted line is heading up - wonder how far up it will go? If it goes above 60%/65% maybe time to switch to RYM (ha ha but I am opened minded). Worth updating every now and again
Thanks couta for bringing this up
Last edited by winner69; 17-08-2016 at 09:01 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by Grunter
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