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19-09-2013, 06:55 PM
#381
Above post was intended for "nextbigthing"
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19-09-2013, 07:38 PM
#382
Originally Posted by Huskeez
Above post was intended for "nextbigthing"
Hey Huskeez,
Thanks, I did see that on the systems thread. I didn't have time to analyse the system but I like the result!
Does your system predict exits as well or just 'buys'. I'm a long term holder in MFT as I believe it is a very strong company, however I'm considering trading in it too. It does experience lower liquidity however.
Anyway, I hope you acted on the systems advice!?
Cheers,
NBT
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21-09-2013, 10:07 PM
#383
Am enjoying "Ready Fire Aim The Mainfreight Story" by keith Davies.isbn,978177532903.
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23-10-2013, 01:32 PM
#384
Last edited by Hoop; 23-10-2013 at 01:44 PM.
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23-10-2013, 09:30 PM
#385
Thanks Hoop, excellent chart.
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23-10-2013, 11:10 PM
#386
Hoop,
Your charts and statements would then suggest the following to me;
'This is a solid long term stock, that has lagged slightly behind where it should be in the market in the last two years but is showing short term signs that it might be about to play catch up - which sounds like a good entry point into a reasonably 'safe' stock'.
Why has it lagged behind then? I would suggest that perhaps it's because of the more 'sexy' options out there at the moment - the PEB's XRO's SML's etc. Perhaps when favour for these stocks tires or the money has been made elsewhere and the market as a whole takes a breather, the money may return to boring old MFT?
Just a theory. DYOR
NBT
Disc; Hold.
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24-10-2013, 10:18 AM
#387
Originally Posted by nextbigthing
Hoop,
Your charts and statements would then suggest the following to me;
'This is a solid long term stock, that has lagged slightly behind where it should be in the market in the last two years but is showing short term signs that it might be about to play catch up - which sounds like a good entry point into a reasonably 'safe' stock'.
Why has it lagged behind then? I would suggest that perhaps it's because of the more 'sexy' options out there at the moment - the PEB's XRO's SML's etc. Perhaps when favour for these stocks tires or the money has been made elsewhere and the market as a whole takes a breather, the money may return to boring old MFT?
Just a theory. DYOR
NBT
Disc; Hold.
Yeah..the charts suggest MFT is definitely not in a state of exuberance...however as the 10year chart says, stocks can stay in an oversold or overbought stages for years....and while you are waiting months or years (collecting a lowsh 2.8% yield rate in Dividends) for a great fundamental stock to shake off it's oversold status its fundamental status could change e.g market environment change and entering a recession...
It may seem a "safe" stock atm being in a state of oversold but having your money waiting in an under-performing stock reduces your ability and agility to grab opportunities elsewhere....so..yes..there is a good argument saying that while the investors are away playing in greener pastures chasing the exuberant stuff, MFT is overlooked and languishes.
Is MFT showing signs of catch up......technically not yet.... Busting top resistance and gaping up to form a series of new highs would trigger a "catch up in the making" buy signal...the 10year chart would suggest an overbought status at $13 could be considered a realistic happening....but pessimistically so too could $10.00..
How Safe is "safe"....History has MFT having a poor record fighting with the bears....In hindsight it had good fundamentals compared to many other stocks during the last crash but the shareprice fell heavily, obviously the investors hearing of near empty depot sheds and trucks off the road, didn't see it in a positive light at the time...
,,any thoughts from the Fundies..???
Last edited by Hoop; 24-10-2013 at 10:29 AM.
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25-10-2013, 04:49 PM
#388
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12-11-2013, 10:03 AM
#389
Looks like it may finally be starting to turn around;
http://www.nbr.co.nz/article/mainfre...sian-growth-bd
Well done holders, my suuuuper boring long term play is finally starting to pay off.
Definitely the most unsexy part of my portfolio (XRO, PEB, SUM), but its seen an av 18% gain so far for me so I'm happy.
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12-11-2013, 11:54 AM
#390
Jeez, $3 Million in off market trades have just gone through.
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