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13-03-2019, 01:05 PM
#3241
Originally Posted by bull....
1.04 looking vunerable again
Well, that's not like you, isn't it? A real bull would predict a bullish $1.03 double bottom ....
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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13-03-2019, 01:21 PM
#3242
Originally Posted by BlackPeter
Well, that's not like you, isn't it? A real bull would predict a bullish $1.03 double bottom ....
think just under 1 is next supports if 1.04 doesnt hold
one step ahead of the herd
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13-03-2019, 02:32 PM
#3243
SUM technical's looking great, OCA very sad...like one's dog dying.
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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13-03-2019, 03:01 PM
#3244
calls for a higher staffing levels
https://www.stuff.co.nz/national/hea...-making-a-fuss
i imagine after the royal commission in aus reccommends this nz will follow at some stage. higher costs coming one day as care becomes a social cost thing not a money thing
one step ahead of the herd
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13-03-2019, 03:03 PM
#3245
Originally Posted by Beagle
SUM technical's looking great, OCA very sad...like one's dog dying.
I guess it just depends on the timeframe you are looking at ... and hey - we are investors, aren't we?
Just looked at the trendcharts of SUM (blue line) and OCA (orange line) since Oceanias listing - and anybody buying at that stage OCA would still be 7.5% better off than holding SUM (and this is not even considering Oceanias premium dividends). So, maybe SUM just playing catchup.
Attachment 10389
One other interesting observation: these two stocks are less correlated than I would have thought. Maybe it does make sense to hold both?
I do.
PS:
Just read your post in the TRA thread ... I didn't realise you mean the "dying dog" literally. Very sorry for your loss - I do know how it feels to lose a beloved pet ...
Last edited by BlackPeter; 13-03-2019 at 03:12 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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13-03-2019, 03:10 PM
#3246
Originally Posted by BlackPeter
I guess it just depends on the timeframe you are looking at ... and hey - we are investors, aren't we?
Just looked at the trendcharts of SUM (blue line) and OCA (orange line) since Oceanias listing - and anybody buying at that stage OCA would still be 7.5% better off than holding SUM (and this is not even considering Oceanias premium dividends). So, maybe SUM just playing catchup.
Attachment 10389
One other interesting observation: these two stocks are less correlated than I would have thought. Maybe it does make sense to hold both?
I do.
Thanks and yes that's quite an interesting observation. Not really all that correlated, quite different business model's.
Definitely a good idea to have a bob or two each way
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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13-03-2019, 03:42 PM
#3247
Originally Posted by BlackPeter
One other interesting observation: these two stocks are less correlated than I would have thought. Maybe it does make sense to hold both?
...
Loosely (or not correlated) maybe
From the weekly numbers on Yahoo OCA floated the SUM share price was 6.2 times OCA's
Today SUMs share price is 6.2 times OCAs
Spooky eh
Hey couts - reversion to the mean in play .....just maybe
Last edited by winner69; 13-03-2019 at 03:50 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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13-03-2019, 03:42 PM
#3248
Originally Posted by bull....
I think that's only going to help highly reputable companies like OCA as it takes out some of the truely awful low cost low care operators in this sector.
I remember an elderly relative whose health collapsed being put into a dreadful place with disinterested overworked staff as it was all that was available , & we couldn't wait to move him.
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13-03-2019, 04:01 PM
#3249
I've done plenty of homework on this company and from that I have built a rock solid belief in their model and execution . But .....this relentless, seemingly endless selling to the point of barely a few buyers left is getting tiresome. Personally , I won't be selling one share but I do feel for those out there on this downhill ride who don't have the same confidence in this company.
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13-03-2019, 04:14 PM
#3250
Originally Posted by BlackPeter
I guess it just depends on the timeframe you are looking at ... and hey - we are investors, aren't we?
Just looked at the trendcharts of SUM (blue line) and OCA (orange line) since Oceanias listing - and anybody buying at that stage OCA would still be 7.5% better off than holding SUM (and this is not even considering Oceanias premium dividends). So, maybe SUM just playing catchup.
Attachment 10389
One other interesting observation: these two stocks are less correlated than I would have thought. Maybe it does make sense to hold both?
I do.
PS:
Just read your post in the TRA thread ... I didn't realise you mean the "dying dog" literally. Very sorry for your loss - I do know how it feels to lose a beloved pet ...
Thanks BP. Tough day no question. I think I'm overdue for a stiff drink or two.
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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