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
It seems the knife has stopped falling on Synlait and the SP has started trending up. The 4th most picked stock in the competition this year, I've already got enough from catching the knife but for those who have don't like buying in downtrends now might be a good time to get in?
Technically, the 100 day moving average has been a really good indicator for a few years. It bounced off it in the last down trend 2015 and many times on its way up through 2018. It’s still below that so if it goes above say $10.30?? It might be a good buy signal.
If you like SML long term then you can buy at any time, I’ve held for about 4 years through the ups and downs of the sp. During that time they have loaded up their existing plant and executed their business plan really well. This has enabled them to grow cash, reduce debt and to invest again which is really exciting.
It seems the knife has stopped falling on Synlait and the SP has started trending up. The 4th most picked stock in the competition this year, I've already got enough from catching the knife but for those who have don't like buying in downtrends now might be a good time to get in?
Given its trend against ATM now would indeed be a good time to get in.
Good stuff - Synlait Milk's registration of its Dunsandel plant in the South Island has been renewed by Chinese authorities for another four years. http://nzh.tw/12188945
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