Not necessarily sourcing stock from the USA but a lot of trade is either priced in USD or in currencies with a (specific or informal) link to the USD.
Printable View
Definitely some form of shorting today. At or near $4 all day, then close to close $4.09, then at close $3.85 on double volume all day's sales
Slowlearner
Do I detect a hint of sarcasm in your post, as if you are pleased to see a sell off? If so most posters will not appreciate the tone. As in all markets there will always be fluctuations in price and it is a matter of timing entry and exit points.
But not for much longer. Japan since last year, and Aus since April have begun directly converting currency with China, side-stepping the USD.
NZ is in talks with China to do the same. Which will be interesting for WHS - better margins, but risks if NZ dollar sinks against Yuan.
Behind the paywall at NBR but a quick look at companies office shows that WHS has bought 50% of Shop HQ - the new ventuyre for Shane Bradley who brought Grabone to NZ (with APN's funding).
http://www.nbr.co.nz/stayconnected?return=142298
I think the first portal is pet.co.nz. Interesting development given their recent purchase of Torpedo.
Very interesting all these moves into on-line space, protecting their position and looking for growth, not just bricks and mortar reatilers-the way of the future. They have the $muscle to make this work. On another note and one which could work to WHS and other high dividend paying stocks advantage is the fact that this month over $500m worth of bonds that are not being renewed in the market are maturing. Typically bond investors look for yield so this could be a good thing.
pet sales would be a new potentially large category for sales