Well I got back in at $4.40 the day I sold out. Wondered if I had stuffed up again but so far seems to have been a good decision
The stuffing up just adds some excitement!
I sold out based on the trend which has been heading downwards for around eight months now - yes I take a long time to make decisions! I also have a gut feeling that, as Lease mentioned, the industry may have had its day and other options are disrupting it.
Having pulled the plug and sold at a loss I now have to sit back and lick my wounds. Time will tell if I got the timing exactly wrong and the SP rockets back up again.
I'm kind of wanting to get out, or at least reduce my holding quite a bit. But I didn't quite get around to pushing the button so I'll hang on and see what happens. I'm not high on conviction with this one, but at the moment my other options are tracking sideways or well over valued so I'm not in a great rush.
Is citic finally decide it is the right time right market sentiment to pull the trigger
Haven't quite worked out what the aim is for Citic seemed to come in with a his and a roar then nothing for over a year?
Glad this is still a majority New Zealand owned company at the moment.
Disc: hold and will add thru DRP for time being
And another insider continues purchasing. Jennifer Bunbury (CFO) bought 5,200 shares in January 2019 and has topped up on-market with another 4,800 shares to take her holding to 10,000. https://www.nzx.com/announcements/332792
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