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  1. #7361
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    Quote Originally Posted by bull.... View Post
    momentum has stalled alright looks like it has just broken good support at 1.35
    https://www.nzherald.co.nz/lifestyle...7KKYPQMPJOYAQ/

    Maybe they need a new marketing angle......

  2. #7362
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by Beagle View Post
    Could be mate. A quick look at the TA looks solid to me too. In a nice uptrend, above 30 and 100 day moving averages. RSI looks to be just over 50 so its not overbought in the mid 130's and has consolidated very nicely at this level. Bollinger bands getting squeezed together. Looks nicely set to extend the recent rally in due course. Property is a long term investment and this one looks very well positioned to give outstanding returns over both the short and the long haul.
    You really put the jinx on there
    om mani peme hum

  3. #7363
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    Quote Originally Posted by Snow Leopard View Post
    You really put the jinx on there
    Not really, as you know no single post on an internet discussion group moves a market. Coincidence that RYM posted results today that on paper looked ok but behind it raised the ugly spectre of troubles getting traction in the expansion market (aus) but worse trying to justify dividends after taking the covid subsidy. So the sector gets hit as punishment.

    It would be nice if you two buried the hatchet. Preferably not in each other’s heads.

  4. #7364
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by Baa_Baa View Post
    Not really, as you know no single post on an internet discussion group moves a market. Coincidence that RYM posted results today that on paper looked ok but behind it raised the ugly spectre of troubles getting traction in the expansion market (aus) but worse trying to justify dividends after taking the covid subsidy. So the sector gets hit as punishment.

    It would be nice if you two buried the hatchet. Preferably not in each other’s heads.
    You really lack any sense of humour
    om mani peme hum

  5. #7365
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    Quote Originally Posted by Baa_Baa View Post
    Not really, as you know no single post on an internet discussion group moves a market. Coincidence that RYM posted results today that on paper looked ok but behind it raised the ugly spectre of troubles getting traction in the expansion market (aus) but worse trying to justify dividends after taking the covid subsidy. So the sector gets hit as punishment.

    It would be nice if you two buried the hatchet. Preferably not in each other’s heads.
    Think you have gotten the wrong end of the stick there BaaBaa.

    I missed this price action today unfortunately, but if it's still at this level on Monday, it's top up time.

    Beagle, sorry about your Mum :-(

  6. #7366
    ShareTrader Legend Beagle's Avatar
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    Thanks guys. Thankfully its not quite the last bit of the beginning of the end I feared. Her fall was not as bad as my sister in law made it out to be, no major injury or broken bones...could have been a lot worse....just had a good chat with her this evening and she seemed in good spirits... but its definitely a case of tick tock goes the clock...specialists gave her 5-8 months to live with terminal liver cancer but that was 4 1/2 months ago All we can do is make the most of enjoying what time is left. 91 is a pretty good innings and I have always known I am a loved. No pain yet so that's awesome and an answer to prayer !

    Anyway...back to OCA. Caught in the RYM wake and some people seem to have read the headlines and thrown their toys out of the cot. I am happy to take a "dogged" approach.

    Grudges and hatchets I carry not...too heavy to cart around. People sometimes say things in the heat of the moment that comes out too aggressive...of course I never do that lol
    Forgiveness is the gift you give yourself.
    Last edited by Beagle; 20-11-2020 at 08:53 PM.
    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

  7. #7367
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    ARV was rock solid, OCA sold off on RYM? can someone with industry inside information link the two because its either panic selling or a rotation into other stocks by traders of the stock which must be more in number than one would expect for a defensive stock.

  8. #7368
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    I have a theory which is just an idea I have been mulling over. With the number of shares on issue and the daily turnover it would take a couple of months to accumulate a position close to 5%. Appears very easy to sell into a bad day and then start buying again from what I have seen. That said yesterdays volume was a little higher. Could also explain the rapid rise we had over a couple of weeks.

    Not really an answer to your question though.

  9. #7369
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    well 20/20 Bull must have a very big position to drive the market down on his selling. We may be seeing that the number of traders, shorters is greater then we first thought for this stock..

  10. #7370
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    Quote Originally Posted by mike2020 View Post
    I have a theory which is just an idea I have been mulling over....
    That is known as an hypothesis.

    At $1.30 I rate OCA as under-valued and buyable. But as my second largest NZX holding (behind HGH, also under-valued), I am not buying anymore at present, except in the DRiP

    But should the price drop much more I may look for some share change.

    Disc: OCA & ARV
    Last edited by Snow Leopard; 21-11-2020 at 10:35 AM.
    om mani peme hum

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