FPH - Fisher Paykel Healthcare.

[Biscuit]

......400EMA still away ...

That would take us back to $30. Maybe BlackPeter's caution was wise.

[BlackPeter]

FPH below 400 SMA ....400EMA still away ...

Hunting is easier if you don't make noises.

Watch the prey, let it get as close as possible and than jump on it ;

[alokdhir]

Hunting is easier if you don't make noises.

Watch the prey, let it get as close as possible and than jump on it ;

I was hunting as a group ...but got your point buddy ...lol

[Panda-NZ-]

Might not be liking biden's vaccine mandate..

[alokdhir]

Might not be liking biden's vaccine mandate..

FPH doesn't need any reason to move around ...but most likely due to higher inflation worries spooking high multiples stocks ...Nasdaq had a bad 4th day

[winner69]

FPH below 400 SMA ....400EMA still away ...

Below 400MA always seems to so depressing

So current price is below the average price of the last 400 trading days …..1.6 years or thereabouts

Doesn’t seem much an investment on that basis

Depressing stuff

[alokdhir]

Below 400MA always seems to so depressing

So current price is below the average price of the last 400 trading days …..1.6 years or thereabouts

Doesn’t seem much an investment on that basis

Depressing stuff

Thats the reason it doesn't stay below that for long ...time to get in buddy ...steer the ship to $ 50 ...Couta will like ...

[LoungeLizzard]

Below 400MA always seems to so depressing

So current price is below the average price of the last 400 trading days …..1.6 years or thereabouts

Doesn’t seem much an investment on that basis

Depressing stuff

Yep, for a "growth" stock, that is depressing. What is also depressing is Management seem unresponsive to shareholders. They've made extraordinary profits over the course of the pandemic but no special dividend, no buybacks and very little info on future earnings or growth. I realise the SP moves at the whim of the instos and good times may come round again, but the lack of SP support is unusual for what should be a defensive stock.

[Panda-NZ-]

Plus FPH has always had a high PE ratio.

3% OCR and the stock was still climbing.
Maybe the market thinks we'll have 6% interest rates but that's rather unlikely.

[Biscuit]

Plus FPH has always had a high PE ratio.

3% OCR and the stock was still climbing.
Maybe the market thinks we'll have 6% interest rates but that's rather unlikely.

I think the market is in two minds about FPH because it reaped a huge covid reward and everyone is thinking... well, what now? Personally I think this is such a quality company that it will continue to power on from here. May take a bit of time for the market to wake up to that, but not too long I suspect.