RSI still below 20, MACD still showing negative signal but then again there's be greedy when others are fearful:eek2:
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Old news but new news in this publication.
http://www.hstoday.us/briefings/indu...c1447a449.html
Apparently the cyber security stocks have become flavor of the month after the computer glitch today on Wall Street. I wonder if the lemmings and short sighted impatient ones will jump back in and push the share price up today.The WYN chart looks worse than the PEB one Schnaps.
The business chap on the radio this morning said that was the case in the US of A snaps.
Just a reminder that the SPP closes today
Under the SPP, eligible shareholders may apply for share parcels in multiples
of NZ$500, up to a maximum value of NZ$15,000.
The price of the shares issued under the SPP will be the lower of:
- $1.79, being the Placement price; and
- the average closing price of Wynyard shares traded on the NZX Main Board,
calculated over the five business days prior to and including the closing
date of the SPP (10 July 2015).
So maybe $1.61 if it were to close today at current ask price $1.59
From Findata
DATE OPEN HIGH LOW CLOSE VOLUME
10/07/15 1.590 1.590 1.590 1.590 16,475 ...as of 11am
09/07/15 1.620 1.620 1.560 1.580 158,034
08/07/15 1.620 1.630 1.620 1.620 74,343
07/07/15 1.650 1.650 1.620 1.620 101,749
06/07/15 1.620 1.640 1.620 1.640 48,580
I've been surprised by the weakness but it hasn't been a great week. Will be interesting to see if the SP reacts once the SPP has closed. The 'smart money' bought in at $1.79 with Sam Morgan topping up recently at ~$2.10. Personally I think this company has potential and continue to hold.
Whichever price 'smart money' bought in on, they will be looking more at the WYN developments than short-term SP movements. Being a long-term holder I spend more time reading the latest news on global cyber-security issues than watching daily movements. I am getting more excited as time goes by. Think WYN is onto something special here. DYOR.
Who's at Sun Valley? Alexander Carp, co-founder and CEO of Palantir, in all his geeky glory. Picture on Reuters homepage slideshow - picture number 7.
"Palantir, a big data firm, is currently raising US$500mill. in new funding at a valuation of US$20billion - making it one of the most valuable private concerns in Silicon Valley. Palantir was formed to analyse data for American spy agencies, but has since branched out to offer services for other firms, including banks." Economist-27/06/15. Maybe one day Wynyard will be up there?