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18-04-2018, 10:35 PM
#1231
Member
Originally Posted by sb9
Strong finish on ASX at A$ 9.17 which is NZ $9.72 equivalent based on current cross rate.
$10 price target isn’t very far away.
Another record closing high on the ASX, think thats 3 times in the past week. Charts on the verge of another breakout
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19-04-2018, 09:35 AM
#1232
Originally Posted by JoeGrogan
Another record closing high on the ASX, think thats 3 times in the past week. Charts on the verge of another breakout
From a TA perspective this is looking really good. The fundamental's are also really compelling (2019 forward PE is only mid teens) and they have clearly articulated plans for substantial growth ahead over the next few years both with A2 products and through many other channels. Are we starting to see the smart money moving to having a bob each way on this and ATM in equal proportion ?
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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19-04-2018, 09:37 AM
#1233
Originally Posted by Beagle
Are we starting to see the smart money moving to having a bob each way on this and ATM in equal proportion ?
Dont know the term - but isn't that a bob one way and all looking good
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19-04-2018, 10:10 AM
#1234
Member
Originally Posted by Beagle
From a TA perspective this is looking really good. The fundamental's are also really compelling (2019 forward PE is only mid teens) and they have clearly articulated plans for substantial growth ahead over the next few years both with A2 products and through many other channels. Are we starting to see the smart money moving to having a bob each way on this and ATM in equal proportion ?
The volume over the last week (and the chart) definitely shows strong accumulation from the smart money. The fundamentals are just as good, if not better than BAL and A2 in my opinion (i own all three), and as you say management's clear communication to investors is top notch.
SM1 (ASX) chart, ascending triangle has formed, and was broken through on yesterdays close. However, needs some solid volume above 9.17 to confirm a breakout.
Screen Shot 2018-04-19 at 9.45.27 am.jpg
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19-04-2018, 12:25 PM
#1235
Oh dear, looks like NZX price is bit slow to react to ASX price currently at $9.25 which equates to $9.84 on current cross rates.
May be someone didn't realise the fact that NZD dropped slightly overnight against AUD.
Anyway, seem to be closing the gap now...
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19-04-2018, 03:18 PM
#1236
Originally Posted by sb9
Oh dear, looks like NZX price is bit slow to react to ASX price currently at $9.25 which equates to $9.84 on current cross rates.
May be someone didn't realise the fact that NZD dropped slightly overnight against AUD.
Anyway, seem to be closing the gap now...
and...racing this time!
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19-04-2018, 03:22 PM
#1237
Those pesky little bot things seem to be up to their usual mischief
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20-04-2018, 11:00 AM
#1238
Will we see $10 today, here's hoping it'll..
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20-04-2018, 11:08 AM
#1239
Originally Posted by sb9
Will we see $10 today, here's hoping it'll..
Patience young grasshopper. In time it will come.
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20-04-2018, 11:22 AM
#1240
Originally Posted by minimoke
Patience young grasshopper. In time it will come.
^^^^^^
This and plenty of it...a really essential part of any good investment plan. The older I get the more I have realised this very important fact. This a $20 stock in a few years, I am certain of that, just sit back and watch your wealth grow. Very boring, but nonetheless very satisfying.
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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