Congratulations, you have just worked out what has been happening for the last 12 monts or so.
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Hold on there is a problem - Duncan has not posted on NOG last couple of days = what a coincidence share price is headed North as is PRC - even the flunkies are welcome to reply, there are a few of you out there!
Good GAWD TIM you really have a bad dose of MACDUNK SYNDROME. You come snapping at my heels calling me a boring old bastard one minute for repetition, then complain if i dont post anything.
I like your blue eyed enthusiasm for a share that is exactly at a similar price today as it was three years ago. I will look forward to see you play out PASS THE PARCEL hope you find something in it when the music stops. I wont be commenting on either PRC or NZO in the future as i dont hold shares in either company and only invest in Australia so please dont think that i envy your choice of investments. Best of luck. Macdunk
NITA all you have to do in a very simplistick way is use the 30 day moving average as a buy and sell signal. Buy when it goes above and sell when it goes under.
Get into direct broking site its all free look up NZO or any other stock and never buy under and never sell over the 30 day moving average. Ta is easy to use, fundamental analysis simply is not much use with companies like NZO. Its the market that dictates the sp as you are finding out holding a share that has gone no where in three years. Macdunk
DISCL I dont do that myself but its a good starting point to TA
maxman it was closer than that. It was 635 to 937 which is 3 hours and 2 mins,not 4hours 2 mins. You have expended his self imposed silence by 33%.
Now i would ask everyone to be kind to Duncan he will be haveing severe withdrall symptoms by removing himself from both PRC and NZO. That is a big call,maybe should have weaned himself slowly off say only NZO for now. After all PIKE have not been around as long so could use a shakup be fore the blue eyed gang thinks it is to be a good investment.
three cheers for Madunc
We won't have to here P the P for the 9th time!!!!!!
and now watch the share price move.
good luck in aussie dunc
New Zealand Oil and Gas is Officially the most undervalued stock on the NZX...
Its not very often that the word certainty can be attached to a stock... I reckon it could be attached to NZO...
Pikes going 'gang busters' which is a good signal...
Man, you would sell the wifes kidney to buy more eah...she only needs one of em eah...:D... tell her you will be able to buy her two kidneys in the future to replace the one...:D
:cool:
.^sc
I agree with you there SC, this stock looks really undervalued. My fingers are on the buy button but the only thing holding me back from buying my first lot of NZO is the lack of volume at the moment. There was a bit of a spike on the announcement day and a gap but the volume since then has been unremarkable. Where are all the buyers? I think it's paranoia but part of me suspects the big institutions know something we don't. Might be a good time to use a Guaranteed Stop Loss.
That is interesting and certainly a well supported feeling that the inst are in some knowledge we aren't. However i doubt it is true.Some years ago i remember a survey of sharetrader investments picks compared to inst and brokers and the sharetraders did just as well.Many an inst have sold out only to have the SP rise considerably afterwards.
What the real problem with NZO is what i have stated before. That being a preceived since of trust and accountability. People are not too accurate in the type of judgement they employ. NZO has been critised for not meeting targets which they have not,but they are probable better than the world wide industry average with TUI coming in in record time.
TR and staff bonus are probably less than industry average but to the NZ market a since of snout in the trough is what comes out of it. What i think the problem is is that if you watch people you will note that some people can bulli-sh time and again and always get away with it but other get rapped for the smallest indiscression. Why this is always so can only be put down to our group judgement ability which is always wanting. This is the point i keep asking Balance[unbalanced] and he refuses to answer.The finance companies can time and again bull-s-hit the invester and lose real money but the same invester will avoid NZO as the SP may not be garanteed to go up. It is crazy but it is the human mentality that exists.
NZo will only rise when the money is in the bank and counts for more than the SP,in the meantime it will be the company you should have sold your wifes Kidney for to buy,as Shrewd Crude so well puts it.