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27-02-2018, 04:02 PM
#1071
http://www.nzherald.co.nz/business/n...ectid=12002833
Synlait's proposed $260 million specialist dairy manufacturing plant at Pokeno will contest only about 2 per cent of milk production in the Waikato, the least competitive major dairying area in the country, says chief executive John Penno.
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27-02-2018, 04:08 PM
#1072
Originally Posted by couta1
Hopefully not by putting money into SML as I sold today to put more money into ATM. PS-Bot buying giving you your many lines at well above VWAP, which is $7.08 odd.
Gonna have to learn more about this bot buying - didnt use have these things back in the good old days.
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27-02-2018, 04:13 PM
#1073
Member
Originally Posted by couta1
Hopefully not by putting money into SML as I sold today to put more money into ATM. PS-Bot buying giving you your many lines at well above VWAP, which is $7.08 odd.
Where do you see the VWAP?
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27-02-2018, 04:16 PM
#1074
Originally Posted by nzsharetrade
Where do you see the VWAP?
Here is a picture of ANZ sitre
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27-02-2018, 04:40 PM
#1075
Member
Originally Posted by minimoke
Here is a picture of ANZ sitre
Thank you.
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27-02-2018, 04:55 PM
#1076
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27-02-2018, 09:32 PM
#1077
Ozzie closed $6.76....NZ$7.28...expecting a good run till result?
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27-02-2018, 09:42 PM
#1078
Originally Posted by RupertBear
I did the same and I'm finally in positive land now as well thinking of holding on now until their results then
Why sell? Dont forget - let your profits run
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28-02-2018, 08:53 AM
#1079
Originally Posted by minimoke
Why sell? Dont forget - let your profits run
But if the counter to that statement is cut your losses short... why not sell when you were in the red?
Last edited by hardt; 28-02-2018 at 08:56 AM.
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28-02-2018, 09:55 AM
#1080
Originally Posted by hardt
But if the counter to that statement is cut your losses short... why not sell when you were in the red?
I didnt sell when I was in the red because my stop loss limit had not been struck. This means I am allowed to make emotional or informed decisions.
The first double down was after I felt the market over corrected and it was an opportunity to buy more at a cheaper price on an expectation that better things will come.
The second double down was on the basis of the market incorrectly reading the Fonterra statement. I felt the value is in the Infant Formula certification and since that hadn't changed the underlying value in SML was still there.
As I have mentioned earlier i am not a trader. I bought with a 5 year window. So I will ride the ups and downs and will only sell if stop loss hit (I had a big test of this with ATM when I was sorely tempted to sell at $14 plus - but didnt as I had to remind myself of the strategy. Sure I missed out on some immediate profit - but I reckon the longer term is where the money will be made).
(Emotions, I feel are a more dangerous thing in a falling market as we are inclined to hold rather than sell. Emotions in a rising market not such a bad thg as you are riding a positive wave)
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