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28-09-2018, 09:23 AM
#1601
Member
breach of the 120MA. I wonder where the bottom is. tough chart to read this one.
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28-09-2018, 09:28 AM
#1602
Originally Posted by winner69
No — a few more bucks to go imho
FWIW which is probably not much but I think its getting close to oversold. Remember that ATM paid $10.90 a while back for another 8%.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-09-2018, 11:01 AM
#1603
There should be support at $10.50 area if it gets there, current PE of 25, $375m of capital projects being delivered in FY19 with growth of 25-30% year on year for the next 2-3 years, there are not many companies like this on the NZX. This may be a mere blip in the long term scheme of things. Nothing has changed in the last few weeks, except you can now buy in at a cheaper price.
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28-09-2018, 12:12 PM
#1604
Member
Agreed, it is simply oversold, it has more good news to come such as SAMR approval for its IF products, etc.....
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02-10-2018, 12:01 PM
#1605
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02-10-2018, 12:30 PM
#1606
Last edited by Beagle; 02-10-2018 at 12:33 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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02-10-2018, 12:32 PM
#1607
Member
Originally Posted by Nasi Goreng
There should be support at $10.50 area if it gets there.
yep, I had put support at around the $10.40 mark.
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02-10-2018, 12:37 PM
#1608
Originally Posted by Beagle
ATM paid $10.90 for their additional 8% a while back so yes I think there is sound value at this price but my focus at present is to find growth stocks on much cheaper fundamental's that will pay me a decent (preferably fully imputed) dividend in my semi retirement. I have been buying more OCA and CMO.
Thanks Mr Beagle, I am keeping an eye on getting a few more OCA. Appreciated your well researched post on OCA yesterday, thanks for sharing with us
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02-10-2018, 01:23 PM
#1609
I've added to my rash purchase at the highs so that I'm now about neutral (as opposed to underweight or overweight) on this stock. I think I am prepared to HODL on this one for the LT. I still dont own any ATM though so will go there next if there becomes a good opportunity. But my gut preference is with the maker of the product. And I believe SML has more of a call option comittment to A2 milk specficially , in that it can diversify if necessary but can benefit from strong growth.
For clarity, nothing I say is advice....
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02-10-2018, 01:45 PM
#1610
Originally Posted by peat
HODL on this one for the LT. I still dont own any ATM .
I'm still hodling SML and ATM with a long term view. The two of them currently make up 42% of my Portfolio 2 which is about as much exposure to the Milky McMilkness as I have an appetite for. Otherwise I would be topping up at current prices.
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