FPH - Fisher Paykel Healthcare.

[Phaedrus]

Tobo,
FPH triggered a lot of Buy signals last month. The chart hasn't made it across to to the new setup, as yet.
http://www.snitzforum.sharetrader.co...73&whichpage=7

[Placebo]

Here's a question for you, Phaedrus. On another thread you have posted that the NZX50 looks a bit wobbly vs its long-term uptrend. In that thread, you comment that your approach when this happens is to exercise caution, tighten all stops and impose a strict ban on buying (hope I've paraphrased that right -- I haven't re-read).

But then, in looking at individual stocks, you will see some like FPH that are setting off buy signals. Does this set up a conflict for you? Do you break your general policy when such a good opportunity presents itself? Or do you pass up the good buying opportunity for fear of the overall pattern taking precedence?

Just wondering... :?:

[Phaedrus]

Sure does. My rule is to pass up these opportunities until the overall market shows signs of improvement. Occasionally I do break this and other rules. Generally this is followed sooner or later by regret, and a vow never to do it again.

[Zaphod]

Plenty of bargains out there at the moment, but not all are ripe for the plucking.

I've already picked up quite a large additional holding in FPH after the last set of buy signals. Just waiting for the next set.

[Yossarian]

aspex, what if they have now overhedged at at high usd rate?

[AMR]

Not terribly likely, I don't think anyone wants to hedge right at the top of the cycle.

[Yossarian]

it's easy in hindsight to say it's the top, but you don't know at the time...

[upside_umop]

i have a feeling, fph was consistent with the hedging policy at 50% exposure.
dont quote me, but around the 70 cent mark..so yes, they would be overhedged if im right..
still, every 1 cent drop is $3.5 mill to the bottom line. good times if it keeps rolling..

[AMR]

Did anyone go to the AGM? Opinions?

[AMR]

An attempt at a chart for FPH :

Seems to be resistance at 3.55 or thereabouts. The preliminary uptrend also seems to have broken. I think the volatility of the dollar may be panicking investors. Any constructive criticism appreciated as this is my first chart.