HGH one to watch this morning. Massively oversold IMHO.
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HGH one to watch this morning. Massively oversold IMHO.
I haven't lost. I can cover the short at any time, (no hurry...this Bear is going to be with us for a long time yet), and go long again and then we'll be both barking up the same tree :)
Quote for the day, don't forget this one mate "Banks and finance companies are support mechanisms for customers struggling during a recession" The question you might like to consider is how long and how deep this recession will be and might HGH need support itself from shareholders or the Reserve Bank at some stage ?
Couple of options for you
https://www.omf.co.nz/
https://www.cmcmarkets.com/en-nz/markets-shares
Well that was prophetic. The Reserve Bank announce this morning a quantitative easing program to keep the NZ banking system running smoothly. Our Jeff does it again!
Meanwhile I have about half the HGH shares I want in my long term portfolio so far. Will be happy to support a 1:1 cash issue if required.
SNOOPY
You'd be forgiven for thinking I knew something when I made that post ;) Jeff didn't do it. The RBNZ had to step in last week and print a lot of money to sure up the liquidity in the system.
Obviously.
Open4Business going to be busy
Government underwriting a large % of each biz loan to keep small and medium businesses afloat