I am surprised to see this share down to these levels. I guess on no news this is bound to happen as the traders hop out. If it goes down further I may just have to top up.
I am surprised to see this share down to these levels. I guess on no news this is bound to happen as the traders hop out. If it goes down further I may just have to top up.
I'm fully loaded, didn't expect it to go below $1.18 but there is still plenty of fat for those that bought at $1.10 under the recent placement to offload.PS-Holding up better than RYM today.
And the constant manipulation (downwards today) continues.
242 @1.16 every time it goes to 1.17.
I'd love to know the reasons for it .......... but as long as the price is substantially higher in another year or two I don't really care.
October has been very tough for the whole market mate. Market as a whole is down ~ 6% this month which is pretty tough in terms of the fact that this month alone wipes out the majority of the NZX50 gain for the whole of 2018 to date. No wonder I feel like a dog chasing its tail trying to protect 2018 gains...its frustrating.
In terms of the retirement sector OCA holding up better than most and considerably better than RYM or SUM in percentage terms.
Last edited by Beagle; 19-10-2018 at 05:11 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
October has been very tough for the whole market mate. Market as a whole is down ~ 6% this month which is pretty tough in terms of the fact that this month alone wipes out the majority of the NZX50 gain for the whole of 2018 to date. No wonder I feel like a dog chasing its tail trying to protect 2018 gains...its frustrating.
In terms of the retirement sector OCA holding up better than most and considerably better than RYM or SUM in percentage terms.
I would not be surprised that OCA hits A lower number within the next couple of weeks. I am a longterm holder and am hoping on this so I can buy more. It will bounce back up eventually, but the traders are hopping out and we also have to know what Macquarie is up to with their mountain of shares
October has been very tough for the whole market mate. Market as a whole is down ~ 6% this month which is pretty tough in terms of the fact that this month alone wipes out the majority of the NZX50 gain for the whole of 2018 to date. No wonder I feel like a dog chasing its tail trying to protect 2018 gains...its frustrating.
In terms of the retirement sector OCA holding up better than most and considerably better than RYM or SUM in percentage terms.
I think a lot of people me included are feeling the pinch from Mr market lately. It looks like we to expect bit more volatility on the market ahead. Time like these I think best invest base on the basis of fundamentals. It is the approach that I am taking at the moment and hopefully I could stay away from the screen but that is so hard to do.
I would not be surprised that OCA hits A lower number within the next couple of weeks. I am a longterm holder and am hoping on this so I can buy more. It will bounce back up eventually, but the traders are hopping out and we also have to know what Macquarie is up to with their mountain of shares
The next Macs sell down won't be until the SP is in the $1.30s IMO so if you get them at a discount you would still need to pay considerably more than the current price.
I just picked up a wad at 1.15 and them watched a sweet drop to 1.13.
Have confidence in this business long term so won't cry just yet. More inclined to set aside another dollop and wait a while longer until the market shrugs off it's current mood.
Still looking green but red isn't too many cents off.
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