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22-09-2020, 01:45 PM
#5351
Originally Posted by winner69
Some finally taking their profits before it gets back to 12 cents
Maybe 12 cents is all it’s worth.
Trading at 16 cents yesterday, what’s happened since that suddenly makes it worth 0.148?
Hence I thought I’d missed a announcement affecting Sky.
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22-09-2020, 01:47 PM
#5352
Member
Originally Posted by Gregnz
Trading at 16 cents yesterday, what’s happened since that suddenly makes it worth 0.148?
Hence I thought I’d missed a announcement affecting Sky.
US Stock market tanking... NZX market follows. Should bounce back up since new stimulis is coming. See this as a buying opportunity.
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22-09-2020, 01:48 PM
#5353
Member
Originally Posted by Gregnz
Trading at 16 cents yesterday, what’s happened since that suddenly makes it worth 0.148?
Hence I thought I’d missed a announcement affecting Sky.
You ok Greg?
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22-09-2020, 01:49 PM
#5354
Originally Posted by Gregnz
Seriously I’m starting to lose faith in the NzX, there was a sell off yesterday after the 1pm announcement that the country was moving to level 1.
How on earth the market sees that as bad news beggars belief
I'm beginning to think that the only sensible investment strategy right now is "contrarian". You invest in unprofitable companys that have bad results and the price goes up. and vice versa
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22-09-2020, 01:57 PM
#5355
Originally Posted by Gregnz
Seriously I’m starting to lose faith in the NzX, there was a sell off yesterday after the 1pm announcement that the country was moving to level 1.
How on earth the market sees that as bad news beggars belief
It's the UBS bots trading the volatility.
It's designed to draw out human emotions, such as: "Maybe 12 cents is all it’s worth."
Put a 1m order on there from a non-retail market participant and watch the bot auto change to an acclamation algorithm.
The problem is, apart from the odd retail punter, and the existing institutional investors, they're isn't much demand for the stock. Not because it isn't a great buy, but because new institutional investors are passing it up for growth stocks or more stable long term value companies. There aren't that many Black Cranes out there willing to take a bet at this stage in the turn around phase.
I see the existing institutional investors continuing to add to their position and build up larger holdings over time. Then some type of liquidity event happening.
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22-09-2020, 02:03 PM
#5356
Originally Posted by Hello123
You ok Greg?
Yep, fine. Just trying to make sense from no sense
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22-09-2020, 02:11 PM
#5357
Emotions lose you money.
As long as there is no bad announcements and the company looks to perform well or better later don't panic. You can't expect to make a fortune in a night, or everyone would be millionaires. Sit tight and don't use the money if you need it.
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22-09-2020, 02:32 PM
#5358
Originally Posted by Gregnz
Have I missed something today? The share price is taking a hammering, someone is dumping at 0.149??
its the cry baby pattern , just took a bit longer to happen than i thought. mentioned it last week
one step ahead of the herd
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22-09-2020, 04:35 PM
#5359
My gains, my precious gains, give them back!
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22-09-2020, 04:45 PM
#5360
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