SML - Synlait Milk Ltd

[Sideshow Bob]

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.

[minimoke]

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.

[nzsharetrade]

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?

[minimoke]

Where do you see the VWAP?

Here is a picture of ANZ sitre

[nzsharetrade]

Here is a picture of ANZ sitre

Thank you.

[RupertBear]

Hurray. I've doubled down with SML the last couple of buys in the hope it would get me out of negative territory. Today i am finally in positive land - with my SML investment up a total of $0.78 (thats total, not per share). Its a positive and I'll take it!

I did the same and I'm finally in positive land now as well thinking of holding on now until their results then

[King1212]

Ozzie closed $6.76....NZ$7.28...expecting a good run till result?

[minimoke]

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

[hardt]

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?

[minimoke]

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)